Sony’s stake in Spotify worth $1.5bn after streaming company’s first day of trading

One of the questions on the lips of the industry right now will be this: what’s happening to Universal, Warner and – particularly – Sony’s stakes? Sony is known to have owned a 5.7% stake in Spotify before trading today. When the Spotify stock hit the public market, that stake would have been worth $1.68bn, but right now, with Spotify shares settling down, a 5.7% stake would be worth $1.51bn.

Source: Sony’s stake in Spotify worth $1.5bn, as streaming company finishes opening day on NYSE with $26.5bn valuation

Get the latest RightsTech news and analysis delivered directly in your inbox every week
We respect your privacy.