Spotify valued at $4 billion as Deezer confirms US plans

After the latest fund raining venture netting US $250 million, the Wall Street journal says Spotify is now valued at $4 billion. US-based Technology Crossover Ventures have led on the latest funding round. Spotify's publicly listed rival Pandora, has a market cap, according to the WSJ, of $5.7 billion. Pandora is bigger than Spotify in terms of customers (over 70 million active users, versus Spotify's 24 million), though its younger rival is operating in many more countries, and actually brought in more revenue last year. Both companies have seen losses widen in 2013. And in related news, one of the founders of Deezer has told news agency AFP that the company will finally arrive in the US market next year.