Streaming Music Service ?Daisy? Raises $60 Million, Spins Out Of Beats Electronics As Standalone Firm

Project 'Daisy,' the streaming music service built internally by headphone and speaker maker Beats Electronics, has received a $60 million investment round that it is using to spin out as a standalone company. The funding and spin-out was announced this evening. Daisy, which is still being referred to in press materials as an internal code-name for the project, is now set to launch in "late 2013," according to Beats.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/BmLumpppKLM/

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