Spotify Shares Rise After Reports Activist Investor Valueact Taking Stake Spotify

Tech

Spotify Shares Rise After Reports of Activist Investor ValueAct Taking Stake

ByNews Polite February 10, 2023

ValueAct Capital Management has taken a stake in Spotify Technology SA, at a time when the audio streaming company is looking to cut costs. “We welcome ValueAct as an investor in Spotify,” a spokesperson for the Swedish company said on Friday, without disclosing further details on the investment. Spotify’s shares…

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