Spotify Closes In on $8.4 Billion Valuation in New Deal

Wall Street Journal: Spotify is said to be headed back to the funding well for a seventh time, nearing a deal to raise $400 million in a round valuing the music-streaming service at $8.4 billion. The deal would place Spotify in the upper ranks of the world’s most highly valued private tech companies. Goldman Sachs and an Abu Dhabi sovereign-wealth fund reportedly have agreed to invest in the round, and Spotify has held talks with a range of asset managers and venture-capital firms around the globe.