Thursday, August 9, 2018
Musical.ly investor bets on internet radio with $17M deal for Korea’s Spoon Radio – TechCrunch
One of the early backers of Musical.ly, the short video app that was acquired for $1 billion, is making a major bet that internet radio is one of the next big trends in media. Goodwater Capital, one of a number of backers that won big when ByteDance acquired Musical.ly last year, has joined forces with Korean duo Softbank Ventures and KB Investment to invest $17 million into Korea’s Spoon Radio.
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