Deezer Raises $109 Million in Race with Spotify, Apple

Bloomberg: Deezer, which called off a planned initial public offering in October, has raised 100 million euros ($109 million) from a group of investors led by billionaire Len Blavatnik, as the European music-streaming company tries to keep pace with Spotify and Apple. Deezer will use the money for marketing campaigns and new features, according to a statement.