Telia buys a piece of Spotify

Swedish-Finnish telecommunication company spends hundreds of millions of kroner to get into the music business

Jun 10, 2015

The Swedish-Finnish telecommunication company TeliaSonera has purchased a 1.4 percent stake in Spotify.

The deal will cost 760 million kroner.

It is not clear whether new shares were issued, or whether the shares were purchased from existing Spotify shareholders.

The acquisition follows more than five years of successful partnerships between the companies.

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Telia buys a piece of Spotify

DSV buys German giant for 107 billion – becomes the world’s largest logistics company

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