![]() Lorentzon now owns 11.8% of the company, down from 12.2%. Both still own a large percentage in Spotify.įollowing the sales, Ek’s total holding in the company has dropped from 8.8% to 8.3%. The company reportedly had a market valuation of $31.5 billion at close on Thursday. Despite the sizable sales, Ek and Lorentzon clearly don’t want to lose control of the company. This sale of shares will constitute a minimal part of his holding in the company.”Įk and Lorentzon refused to comment on the news. “ Daniel will sell a small share of shares in the next nine months as part of his long-term financial strategy. Speaking with the Swedish publication, Sofie Grant, a Spotify representative, confirmed the sale. ![]() He also stated his intention to sell more shares for kr 288 million ($31.7 million). Lorentzon, meanwhile, sold 317,800 shares between July and September for kr 530 million ($58.3 million).
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