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The article says, > Except that WMG is not a stand-alone music company. It is wholly owned by the investment firm Access Industries. Which is very much in the
by cardiffspaceman 8y ago
The article says,
> Except that WMG is not a stand-alone music company. It is wholly owned by the investment firm Access Industries. Which is very much in the business of holding long term equity stakes.
If there is a difference to the reader between a speculator and an investor, this is an investor. The justification may be that the investment has made as much as it could make and they wish to put the money to use elsewhere.
The angle in the article is that they are dumping Spotify because they think it's toxic waste or they want to 'toxify' it. But it could just be profit-taking.
> If the shareholders want to own a different business they can buy the shares on their own.
Always true, of course.
- deleted 8y ago[deleted]