Spotify Music Service Raising New Funding Valuing It at $1 Billion

[engine]

Spotify Music Service Raising New Funding Valuing It at $1 Billion [dealbook.nytimes.com]

Spotify, the online music service, has raised new financing from investors including Kleiner Perkins Caufield & Byers at a valuation of more than $1 billion, a person briefed on the matter told DealBook on Monday.

[Hawkgirl]

Woot! Go, Shak, Go!

[wyweb]

I know little about this but that's a major chunk of cash.