French Music Startup Deezer Gets $130M Fourth Round, Led By Warner Music Group?s Owner Access Industries

In France, it is the biggest startup funding round ever. Warner Music Group's owner Access Industries and previous investor Idinvest are investing ?100 million ($130 Million) into music streaming startup Deezer. ?25 million ($32.6 million) will be used to buy out previous shares. Orange previously had 11 percent of the company and toyed with the idea of an acquisition. As it is not reinvesting, this plan seems to have ended.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/42Mlvyl70UQ/

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