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  • Trending on the Ticker

  • Warner Music Group sells 75 percent of its Spotify stake for ~$400M; last week, Sony sold half of its holdings for ~$750M; Warner CEO Steve Cooper said the sale does not reflect on Warner's faith in Spotify's future, only that Warner is not a long-term holder of publicly traded equity; Spotify debuted on the NYSE last month - Link

  • Uber hires former NTSB Chair Christopher Hart to advise the company on safety culture following the fatal March accident in which an autonomous Uber vehicle killed Elaine Herzberg; Hart was NTSB chairman when the board launched an investigation into the crash; the company would not confirm a report that it had determined software tuning caused the crash - Link

  • Nokia ($34B market cap) acquires IoT analytics firm SpaceTime Insight; terms undisclosed; the company offers enterprise tools for monitoring connected devices; raised $50M to date - Link

  • Uber has found that a March accident, in which an autonomous Uber vehicle struck and killed a pedestrian, was likely the result of poor software tuning, according to sources for The Information; the car's sensors detected the pedestrian in the street but the software reportedly determined immediate action was not required - Link

  • Hybrid cloud platform Mesosphere raises $125M Series D led by Koch Disruptive Technologies with participation from ZWC Ventures and others; Mesosphere provides infrastructure software for containers, machine learning tools, and more; raised more than $250M to date - Link