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March 6, 2013 11:19 am GMT

Streaming Music Service Daisy Raises $60 Million, Spins Out Of Beats Electronics As Standalone Firm

Image of daisies courtesy of Flickr user rerod via Creative Commons license https://www.flickr.com/photos/54636547@N00/2951068080/sizes/m/in/photostream/Project 'Daisy,' the streaming music service built internally by headphone and speaker maker Beats Electronics, has received a $60 million investment round that it is using to spin out as a standalone company.The funding and spin-out was announced this evening. Daisy, which is still being referred to in press materials as an internal code-name for the project, is now set to launch in "late 2013," according to Beats.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/BmLumpppKLM/

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