Spotify may be raising another $500 million

Spotify is streaming money.

The music streaming service may be working with Goldman Sachs to raise another $500 million in funding, according to a report Thursday from The Wall Street Journal. The exact amount hasn't been nailed down, but the goal is said to be pushing back the need to go public.

See also: How Spotify Engineered the New Music Economy

A rep for Spotify declined to comment on the report

The company most recently raised $250 million in a Series F round of funding in late 2013, valuing at $4 billion. According to the Journal report, Spotify's new fundraising would give it a valuation of at least $6 billion. A separate report characterized the funding talks as "early" and said the valuation may be more than $7 billion Read more...

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