Telia Company divests its stake in Spotify
Telia Company has divested its entire holding in Spotify in several steps over some time for USD 272 million, approximately SEK 2.3 billion, to institutional investors. The parties have concluded their successful strategic partnership.“We wish Spotify all the best in its next phase as a truly global listed company. Spotify has been a fantastic investment for Telia Company, both from a direct return and a partnership perspective,” says Johan Dennelind, President and CEO of Telia Company. Based on the transactions, Telia Company receives approximately USD 272 million, approximately SEK 2.3