{"id":45412,"date":"2013-09-06T08:03:10","date_gmt":"2013-09-06T06:03:10","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=45412"},"modified":"2013-09-06T08:04:37","modified_gmt":"2013-09-06T06:04:37","slug":"spotify-seeks-new-financing-report","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/internet\/45412\/spotify-seeks-new-financing-report\/","title":{"rendered":"Spotify seeks new financing: report"},"content":{"rendered":"<p>Music streaming web service Spotify is looking at different ways to raise capital for further growth, Swedish daily Dagens Industri reported in its Friday edition, citing sources.<\/p>\n<p>Spotify would not necessarily issue new shares and is considering issuing debt, the report said. It did not say how much money Spotify was seeking to raise.<\/p>\n<p>One of the paper&#8217;s sources put Spotify&#8217;s valuation at around 35 billion Swedish crowns ($5.2 billion), compared with around 20 billion in November last year.<\/p>\n<p>In July, documents showed the Stockholm-based unlisted company more than doubled revenues in 2012 to 435 million euros($571 million), while its net loss increased to 58.7 million euros.<\/p>\n<h3 class=\"my-4\">More on Spotify<\/h3>\n<p><a title=\"Spotify doubles revenue\" href=\"http:\/\/businesstech.co.za\/news\/internet\/43414\/spotify-doubles-revenue\/\"><strong>Spotify doubles revenue<\/strong><\/a><\/p>\n<p><strong><a title=\"Permalink to Google takes on Spotify with new music service\" href=\"http:\/\/businesstech.co.za\/news\/internet\/37952\/google-takes-on-spotify-with-new-music-service\/\" rel=\"bookmark\">Google takes on Spotify with new music service<\/a><\/strong><\/p>\n<p><strong><a title=\"Permalink to Apple to sell streaming service radio ads\" href=\"http:\/\/businesstech.co.za\/news\/internet\/39453\/apple-to-sell-streaming-service-radio-ads\/\" rel=\"bookmark\">Apple to sell streaming service radio ads<\/a><\/strong><\/p>\n<p><strong><a title=\"Permalink to Google in music deal with Sony, Universal: report\" href=\"http:\/\/businesstech.co.za\/news\/internet\/37852\/google-in-music-deal-with-sony-universal-report\/\" rel=\"bookmark\">Google in music deal with Sony, Universal: report<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Music streaming web service Spotify is reportedly looking at different ways to raise capital for further growth.<\/p>\n","protected":false},"author":7,"featured_media":37959,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9882],"tags":[25,2437],"class_list":["post-45412","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-internet","tag-active","tag-spotify"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/45412","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=45412"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/45412\/revisions"}],"predecessor-version":[{"id":45413,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/45412\/revisions\/45413"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/37959"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=45412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=45412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=45412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}