As of Dec. 31, the label still owned 3.59% of outstanding Spotify shares.
On Dec. 31, 2020, Spotify closed at $314.66 per share but has fallen since and on Friday it closed at $223.59. Since UMG put the average share purchase price of 6.58 euros on April 13, 2018, the day Spotify shares began trading), if it sold the shares at the Dec. 31 closing price, UMG would have realized $2.04 billion, or a profit of $1.99 billion after subtracting out the combined share purchase price of $52.54 million.If it still holds the shares, their current value is $1.
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