Reuters: Spotify Technology SA (SPOT.N) has been acquired by ValueAct Capital Management 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 rose 3.5% to $125. ValueAct Chief Executive Mason Morfit disclosed the investment during a presentation at a Columbia University event in New York on Friday, according to Bloomberg […]
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