Universal Music to sell half its Spotify stake for buybacks, first-quarter hit by weak dollar

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Universal Music Group's board authorized monetizing half its Spotify stake to fund a €1 billion share buyback program, aiming to boost stock price. Artists will share proceeds, and the move follows weak dollar‑impacted Q1 earnings.
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29/04 19:12 investing.com
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Universal Music to sell half its Spotify stake for buybacks, first-quarter hit by weak dollar

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