SPOTIFY HITS $13B VALUATION

Spotify is now valued at $13 billion, sources tell CBC. According to the same source, the service, which had reportedly been considering a direct listing, will indeed take that unconventional route in its IPO, which is expected between the fourth quarter of 2017 and Q1 of next year.

On 2/2, a source told TechCrunch that some inside Spotify had hoped to target a valuation between $11 billion and $13 billion in a public offering—an “emotional target” in his words. It appears the Daniel Ek and company have hit the bull’s-eye.

But who are these "sources" that continue to favorably advance the narrative?

BACK TO RUMOR MILL

		UMG AND TIKTOK WORK IT OUT The kerfuffle is in the past. (5/2a) Check It Out Now LUCIAN SOUNDS OFF ON UMG/TIKTOK DEAL A breakdown from the boss (5/2a) Check It Out Now HITS LIST: HANGIN' OUT With extra relish (5/3a) Check It Out Now LIVE NATION POSTS (ANOTHER) RECORD QUARTER More butts in seats than ever before. (5/3a) Check It Out Now A POST-WALLEN AFFAIR A dynamic duo, y'all (5/3a) Check It Out Now
		THE NEW UMG Gosh, we hope there are more press releases. TIKTOK BANNED! Unless the Senate manages to make this whole thing go away, that is. THE NEW HUGE COUNTRY ACT No, not that one. TRUMP'S CAMPAIGN PLAYLIST Now 100% unlicensed!

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SPOTIFY HITS $13B VALUATION

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