Universal Music to sell half its Spotify stake for buybacks, Q1 hit by weak dollar
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Source: The Manila Times
Published: 2026-04-30 03:45 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Culture & Entertainment, Lifestyle, Financial Markets
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Snippet:
Universal Music Group said on Wednesday it would sell half of its equity stake in Spotify SPOT.N and double its share buyback program, as it reported first-quarter revenue held back by a weaker US dollar.
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