ValueAct Capital Management has taken a stake in Spotify Technology SA , at a time when the audio streaming company is looking to cut costs.
The Spotify logo is displayed on a screen on the floor of the New York Stock Exchange in New York, U.S., May 3, 2018. REUTERS/Brendan McDermid, at a time when the audio streaming company is looking to cut costs.
"We welcome ValueAct as an investor in Spotify," a spokesperson for the Swedish company said on Friday, without disclosing further details on the investment.
It has been investing more frequently in Japan in recent years, but has also made investments in U.S. companies including Microsoft Corp
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