Sony Music sold 17.2% of its shares in Spotify yesterday, worth $250m+

Before Spotify started publicly trading on the New York Stock Exchange yesterday afternoon around 1pm ET, Sony owned 5.71% of shares in the company. According to a memo to shareholders from Sony Corp in Tokyo today (April 4), Sony Music sold 17.2% of this equity yesterday. That made up around 0.98% of Spotify in total.

Source: Sony Music sold 17.2% of its shares in Spotify yesterday, worth $250m+

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