Spotify worth 250m $

The Hong Kong based tycoon Li Ka Shing is getting into the fight against iTunes as the leading music application. He, and Wellington Partners are closing in on a total investment of up top 50m $ for 20% of the company. This investment values Spotify to 250m USD.

I think this was an awaited call from the business industry. Hopefully, they will bring their force together and knock down Apple and iTunes. The world needs Spotify. We need a legal option, and not only Steve’s money intensive monopoly.

Read more at Financial Times