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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.

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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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