Spotify in Talks on Investment from Private Equity Giant

Sky News: TPG Capital is said to be discussing an investment in Spotify that would be worth several hundred million dollars. TPG could invest as much as $500 million in the loan notes. The money could be used to fund acquisitions in a sector which is expected to consolidate, per reports that Samsung, Spotify and Google had all examined a takeover of Tidal, the streaming service founded by Jay Z.