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Monday, February 21, 2011

Spotify eyes $100 mln funding from DST-report

Internet music service Spotify is in the process of closing at least $100 million financing led by venture firm DST, according to popular technology blog TechCrunch. The deal would value the Swedish start-up at around $1 billion, TechCrunch said citing unnamed sources, and add to DST's portfolio of social networking companies including Facebook, the world's No. 1 social network; Zynga; and Groupon. DST declined to comment.

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