Warner Music Group has sold 75% of its stake in Spotify for ~$400M, becoming the latest big music label to do so, following Sony's sale last week (Peter Kafka/Recode)

Peter Kafka / Recode:
Warner Music Group has sold 75% of its stake in Spotify for ~$400M, becoming the latest big music label to do so, following Sony's sale last week  —  First Sony, now Warner Music Group.  —  As Spotify was getting its subscription music service off the ground, the world's biggest music labels took equity stakes in the company.

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