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Spotify raises USD 526 mln, sells stake to TeliaSonera
2015-06-10 10:03:00| Telecompaper Headlines
(Telecompaper) TeliaSonera said it has made an equity investment into Spotify of USD 115 million and that it has extended its cooperation with the music streaming company after working together five years. Under the new strategic partnership, TeliaSonera paid USD 115 million for a 1.4 percent stake. Both companies are also committing resources, staff and other assets to ignite their joint innovation agenda within areas such as media distribution, customer insights, data analytics and advertising. A joint TeliaSonera-Spotify team will be set up to run the projects. Spotify recently raised USD 526 million during its latest funding round, the Wall Street Journal reported. The round values the company at USD 8.53 billion, sources said. Spotify wants to invest in expansion and new forms of content as it faces a growing set of challengers.
Aecon sells 45.5% stake in Quito Airport for $232.6m
2015-06-10 01:00:00| Airport Technology
Canada-based construction and infrastructure company Aecon Group is selling its 45.5% stake in Ecuadors Quito International Airport concessionaire, Corporacin Quiport, for $232.6m.
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Weston Presidio Sells Stake in Too Faced Cosmetics
2015-06-05 07:00:00| Happi Breaking News
Founders and senior management team will "retain significant ownership."
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WH Group Sells Campofrio Stake for $354 Million
2015-06-05 02:00:00| ThePigSite - Industry News
CHINA - Smithfield Foods, Inc, a wholly owned subsidiary of WH Group Limited, has announced the sale of its entire equity interest in Campofrio to Alfa for $354 million in cash.
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Smithfield Foods sells complete stake in Campofrio Food Group for $354m
2015-06-05 01:00:00| Food Processing Technology
China-based Smithfield Foods has divested its entire equity interest in Spanish sausage maker Campofrio Food Group to Alfa for $354m in cash.
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