Spotify, which closed a funding round last June at a $1B valuation, is reportedly now trying to...

|By:, SA News Editor

Spotify, which closed a funding round last June at a $1B valuation, is reportedly now trying to raise funding at a $3.5B valuation - twice what rival Pandora (P) is currently worth. However, it's claimed investors are balking at the price tag set by the fast-growing online music service, which has over 3M paid subscribers following a successful U.S. launch.