Spotify Shares Rise After Reports of Activist Investor ValueAct Taking Stake

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.

from Gadgets 360 https://ift.tt/w5B0ygu