Universal is selling 50% of its Spotify stake, generating around $1.4 billion

Universal Music Group will sell half of its equity stake in Spotify and use the proceeds to help fund an expanded share buyback program totaling EUR €1 billion (USD $1.17 billion), the company confirmed on Wednesday (April 29) alongside its Q1 2026 results. The decision comes three weeks after Bill Ackman‘s Pershing Square launched a … Continued

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