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March 30, 2016 09:26 am -04

Spotify bets on debt to fund expansion

Spotify has raised $1 billion in a deal onlookers have called "strict" and "devilish." Rather than another equity-based funding round, the money was raised through convertible bonds (i.e. debt), with some restrictive terms mostly tied to Spotify goin...

Original Link: http://www.engadget.com/2016/03/30/spotify-convertible-bond-debt/

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Engadget

Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics. Engadget was launched in March of 2004 in partnership with the Weblogs, Inc. Network (WI

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