Friday, 24 March, 2023

Spotify investor ValueAct Capital reportedly sells stake, increases holdings in Alphabet and Fenty B

<p>ValueAct Capital Management, a major investor in Spotify, reportedly sold a significant portion of its stake in the company in the fourth quarter of 2022, according to a recent regulatory filing. The move came just after Spotify was accused of not paying artists enough, leading some to wonder whether the investor&#39;s decision was related. The filing also revealed that ValueAct increased its holdings in Google&#39;s parent company Alphabet.</p>