Beats Music raises $60m in second funding round - report
Dr. Dre’s newly launched Beats Music streaming service has reportedly raised $60 million in a second round of funding.
The cash has come from current investors Jimmy Iovine, Dr. Dre and Access Industries. It will be used to invest in product development, acquiring new customers and marketing, according to Billboard sources.
Its first round of funding last year also raised $60 million, led by Access Industries, the owner of Warner Music Group.
Last week, Beats fully acquired music ...
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