Spotify Competitor Deezer Raises Big Round

Deezer, the Spotify-like streaming music service that is big in France, has raised a reported $130 million in a round led by Warner Music Group owner Access Industries. Of that, $30 million will supposedly be used to buy out existing shareholders. Earlier this week Deezer invited press to an October 10 event where it said it would reveal “details of a major new funding investment.”