Deezer, the French based digital music service that promised to expand to 200 countries this year, but avoiding the U.S., has reportedly raised $130 million. Leading this fourth funding round is Warner Music Group’s owner Access Industries and previous investor Idinvest. $36 million will be used to buy out previous shares including mobile provider Orange who had previously had an 11% stake in Deezer.
It’s a major shift for Deezer from cozying up to telecoms like Orange to having major label partners, pointed out Le Figaro, the leading French newspaper that first reported the deal.
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