The giant music streamer Spotify planned to invest his money on the public exchange. The company said that they will not raise any extra money.Until this time the company has reached the 50million paying subscriber.
The company is satisfied with the number of its users and says that there's no need to collate more money for the investments. The company revealed that this is done to get relief from the debts.
As per the latest reports, the company has signed the deal with the Universal Music Group, one of the largest record label in the world. Not only this, company said that they also signed a deal with the Sony Music Entertainment and Warner Music Group Corp.
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