Spotify Reaches 2.5 Million Paying Subscribers

has reached 2.5 million subscribers, the company says in a blog post. Not a bad feat for a music service that reached America in July this year. The battle for music and mindshare is of course much heated up now that Google has formally joined the fray with the launch of Google Music.

We think Spotify has gotten the business model down pat, and now has to figure out a way how to scale, and scale fast. In the online music business, tomorrow may just be too late when it comes.

Also see:

TransUnion to acquire Neustar for $3.1B

TransUnion has signed a definitive agreement to acquire Neustar from a private investment group led by Golden Gate Capital and with minority participation by GIC.

Huvr raises $5M

Huvr, a cloud-based industrial asset management solution company, has raised $5 million.

American Express acquires fintech company Kabbage

American Express has entered into an agreement to acquire Kabbage, a financial technology company that provides cash flow management solutions to small businesses.

AP to equip visual journalists globally with Sony imaging products

Sony and The Associated Press (AP) have inked a collaboration that will make Sony the exclusive imaging products and support provider for AP news photographers and video journalists globally.

Equifax acquires Ansonia

Equifax has acquired Ansonia, a provider of business credit, collections, and account receivable data used by financial institutions, creditors, and businesses focused on the transportation and logistics industries.