Spotify bets on debt to fund expansion
If you’re not interested in the exact terms, the summary is that Spotify has locked itself into a contract that will start getting much more costly after 12 months. After two years, for example, that $1 billion cash injection could cost the company some $1.25 billion worth of shares and more than $100 million in interest — it’s in the company’s best interest, then, to go public sooner rather than later. – Aaron Souppouris, Engadget
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