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Tencent-led consortium acquires 10% stake in Universal Music from Vivendi

Wednesday 1 April 2020 | 08:10 CET | News
A Tencent-led consortium has completed the acquisition of a 10 percent equity stake in Universal Music Group from Vivendi, based on an enterprise value of EUR 30 billion for 100 percent of Universal Music Group's share capital. The initial agreement for this transaction was signed on 31 December 2019. The Consortium includes Tencent Music Entertainment Group and other financial co-investors.

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Categories: Internet
Companies: Tencent / Universal Music / Vivendi
Countries: Asia / World
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