Li Ka-shing confirms Spotify investment

Forbes: Li Ka-shing Confirms Spotify Stake. Li Ka-shing Foundation has confirmed that it participated in Spotify's latest financing round, but didn't confirm the size of investment nor the valuation. The foundation will have one board seat, initially held by Frank Meehan (CEO of INQ). That it will have one board seat, indicates it took a sizable part of the rumored $50 million round.