Streaming music service Spotify will soon provide video content from musicians, news organizations and TV networks in a bid to sign up more subscribers, the company said on Wednesday. A new recommendation function, similar to what rival Pandora Media Inc offers, will let people pick channels based on lifestyle activities, like “songs to sing to in the shower,” or “100 plus hits form the 1980s,” the Stockholm-based company said
Read moreOnline music streaming service Spotify's revenues leapt 45 percent to top 1 billion euros ($1.1 billion) last year, though its operating loss widened due to product development and expansion costs, its holding company said. The company, founded in 2006 by Daniel Ek and Martin Lorentzon, was reportedly valued at about $8 billion in a recent fundraising. It said the increased loss was due to substantial investments in product development and international expansion, as well as an increase in staffing.
Read moreMicrosoft Corp currently is not weighing an offer for Salesforce.com Inc , two people familiar with the matter said on Thursday, dampening speculation that Microsoft could be drawn into bidding for the cloud software company. Bloomberg News, citing people with knowledge of the matter, reported earlier this week that Microsoft was evaluating a bid for Salesforce after the latter was approached by another unnamed would-be buyer. Microsoft considers Salesforce's current market valuation expensive, one of the people said
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