Deezer Raises $109 Million From Warner Music Parent and Mobile Telecom Giant

Music subscription service Deezer has raised €100 million ($109 million) of funding from lead investor Access Industries with participation from mobile telecommunications company Orange. The amount was about a third of what Deezer hoped to raise last year through an initial public stock offering. The company plans to use the capital for customer acquisition and product development. Both Access and Orange already owned equity in the Paris-based service. Access led