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Universal Music to sell half its Spotify stake for buybacks

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 · 1d · on MSN
Universal Music to sell half of Spotify stake, boosts buybacks
Universal Music Group NV said it will sell half of its stake in Spotify Technology SA and increase its share buyback program, addressing concerns about the company’s undervalued stock raised by billionaire investor Bill Ackman in his recent offer for the world’s largest record label.

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 · 1d
Universal Music Group to Sell Half of Its Spotify Stake, Reports $3.3 Billion in Revenue
Music Business Worldwide · 1d
Universal is selling 50% of its Spotify stake, generating around $1.4 billion
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