Spotify acquires CrowdAlbum image platform

Swedish music streaming giant Spotify on Wednesday announced the acquisition of CrowdAlbum, a US-based company that created a platform for sharing online photos and videos.

Spotify adds $1 billion to war chest on way to IPO

Music streaming leader Spotify has raised $1 billion in debt as it looks to buy companies that could accelerate its growth before listing shares on the public market within the next couple of years, according to two people ...

When shareholders exacerbate their own banks' crisis

Banks are increasingly issuing 'CoCo' bonds to boost the levels of equity they hold. In a crisis situation, bondholders are forced to convert these bonds into a bank's equity. To date, such bonds have been regarded only as ...

Chip maker Hynix to issue bonds worth $500 million

South Korea's Hynix Semiconductor, the world's second largest chip maker, said Thursday it would issue 500 million dollars of convertible bonds overseas, giving it a chance to expand as chip prices rise.