Parker, co-founder of Napster and ex-President of Facebook, became part of Spotify in 2010 when he reportedly invested $15m for a 5% stake. How much does Sean Parker own of Spotify? Who owns SoundCloud? Screenshot Screenshot of the desktop version of SoundCloud The bulk of Ek’s wealth is tied up in Spotify shares - he owns about 8% of the company - which have dropped by almost a third this year, dragging down his net worth to $2.6 billion as of Thursday morning in New York, according to the Bloomberg Billionaires Index. Spotify received a 9% share of Tencent Music Entertainment Group while Tencent received a 7.5% stake in Spotify, though between Tencent and Tencent Music, the two affiliated companies would eventually own about 9% of Spotify, which currently makes them the Swedish firm’s third-largest shareholder. Hulu is jointly owned by The Walt Disney Co. Spotify (NYSE: SPOT) reported 96 million U.S. Does Facebook own Spotify?įacebook owns a lot of the apps and programs we use on a daily basis. The price of the announced deal was truly astronomical – $ 43.4 billion. In the spring of 2019, Google announced the acquisition of the world-renowned swedish music streaming service Spotify. Is Spotify a Swedish company? Is Spotify owned by another company?
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