Deezer, France's Answer to Spotify, Could Be Valued at More Than $1 Billion

Watch out, Spotify. Competition with Deezer is about to heat up.

Deezer, a French music-streaming platform, is seeking capital from investors that could result in a valuation of around $1.1 billion, Bloomberg reports. Sources familiar with the matter, who disclosed the information to Bloomberg, asked not to be identified because "the process is still at an early stage and the valuation target may change."

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