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Spotify seeking to raise new financing: sources

That would value the largest subscription music-streaming service at about US$8 billion

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Spotify continues to raise money as it tries to build a global subscription music service before Apple Inc or Google Inc, which are both pursuing the same market.

Los Angeles

SPOTIFY Ltd is in the process of raising new financing that would value the largest subscription music-streaming service at about US$8 billion, according to people familiar with the matter.

That valuation is double what the company was worth when it raised money in

sentifi.com

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