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MarketScreener Homepage  >  Equities  >  Nyse  >  Spotify Technology S.A.    SPOT   LU1778762911

SPOTIFY TECHNOLOGY S.A.

(SPOT)
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Telia Company Sold Entire Stake in Spotify For $272 Million

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04/03/2018 | 01:42am EDT

By Dominic Chopping

STOCKHOLM--Nordic telecommunications operator Telia Co. AB (TELIA.SK) said late Thursday that it has sold its entire holding in Spotify Technology SA to institutional investors for $272 million.

The company sold the stake in several steps over some time and the return on investment totaled around 2.4 times, Telia said.

The two companies teamed up in October 2009 through an exclusive agreement whereby Telia included Spotify Premium in its offerings. The partnership was expanded in June 2015 when Telia Company paid $115 million for a 1.4% stake in Spotify.

"Spotify has been a fantastic investment for Telia Company, both from a direct return and a partnership perspective," Telia Company Chief Executive Johan Dennelind said.

The music-streaming company is due to begin trading on the New York Stock Exchange Tuesday.

Write to Dominic Chopping at dominic.chopping@wsj.com; Twitter: @domchopping @WSJNordics

Stocks mentioned in the article
ChangeLast1st jan.
SPOTIFY TECHNOLOGY S.A. 3.18% 119 Delayed Quote.1.61%
TELIA COMPANY 2.37% 4.009 Delayed Quote.-3.93%
TELIA COMPANY 2.02% 43 Delayed Quote.0.41%
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Financials (EUR)
Sales 2019 6 793 M
EBIT 2019 -126 M
Net income 2019 -310 M
Finance 2019 1 616 M
Yield 2019 -
P/E ratio 2019 -61,2x
P/E ratio 2020 -111x
EV / Sales2019 2,59x
EV / Sales2020 2,08x
Capitalization 19 180 M
Chart SPOTIFY TECHNOLOGY S.A.
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Technical analysis trends SPOTIFY TECHNOLOGY S.A.
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 150,09  €
Last Close Price 106,71  €
Spread / Highest target 94,8%
Spread / Average Target 40,7%
Spread / Lowest Target -16,1%
EPS Revisions
Managers
NameTitle
Daniel Ek Chairman & Chief Executive Officer
Barry W. McCarthy Chief Financial Officer
Stig Gustav Victor Söderström Chief Research & Development Officer
Martin Lorentzon Director
Cristina Stenbeck Director
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