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

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http://techcrunch.com – 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 news was announced in a written release from Beats, confirming a report on the funding by the Verge’s Greg Sandoval issued earlier in the evening (the Verge’s report did not include the spin-out.) Daisy, which is still being referred to in press materials as the internal code name for the project, is now set to launch in “late 2013,” according to B (IT news)