(MENAFN) Abu Dhabi sovereign wealth fund is said to have invested a sum, which remains yet undisclosed, in the 7th funding round of Spotify, accumulating USD400 million, Arabian Business reported.
Spotify is a London-headquartered commercial music streaming service that provides digital rights management-restricted content from record labels.
Presently, Spotify is finalizing its most recent financing round, which will ultimately leave the company at USD8.4 billion in value. In 2014, the firm enjoyed a number of subscribers that reached to 15 million.
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