Universal Music makes stock market debut, Vivendi keeps 10% stake

Tuesday 21 September 2021 | 15:46 CET | News
Universal Music Group (UMG) saw its shares increase significantly on its first day as a listed company on the Euronext Amsterdam stock exchange. The company was spun off by media group Vivendi, which distributed 59.9 percent of UMG share capital to shareholders. Following this transaction, Vivendi now holds a 10.1 percent stake in UMG, after reducing its holding earlier this year in deals with China's Tencent and US hedge fund manager Bill Ackman.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Categories: General
Companies: Universal Music / Vivendi
Countries: World
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Vivendi posts 10% organic revenue growth in Q3 after Universal Music spin-off

Published 22 Oct 2021 10:12 CET | World
Vivendi has published its first financial results since the recent spin-off of Universal Music, which was deconsolidated from the ...

Last week in telecoms: Xavier Niel consolidates Polish market, Liberty Global returns to Germany, Canal+ buys Filmbox

Published 27 Sep 2021 10:56 CET | World
Xavier Niel continued his contribution to European consolidation with the takeover of UPC Poland. UPC's owner Liberty Global ...

Vivendi's Canal Plus to buy 70% stake in SPI International

Published 21 Sep 2021 09:59 CET | World
Pay-TV group Canal Plus has announced its intention to acquire a 70 percent majority stake in SPI International, a global player ...

Vivendi to buy bigger stake in Lagardere in move towards takeover

Published 16 Sep 2021 10:19 CET | World
Vivendi, the leading shareholder in French media and retail group Lagardere, has announced a deal with the second largest ...

Vivendi sells another 3% in Universal Music to Pershing

Published 31 Aug 2021 11:40 CET | World
Vivendi announced an agreement to sell another 2.9 percent of its subsidiary Universal Music Group to investor Pershing Square ...

Vivendi completes sale of 7% stake in Universal Music

Published 11 Aug 2021 10:10 CET | World
Vivendi said that it has sold 7.1 percent of Universal Music's share capital for USD 2.8 billion, following the group's ...

Vivendi to proceed with alternative structure for UMG stake sale amid regulatory concerns

Published 19 Jul 2021 12:52 CET | World
Vivendi said that it has agreed to a request by US hedge fund investor Bill Ackman to amend the structure of their recent deal ...

Vivendi sells 10% stake in Universal Music to US hedge fund

Published 21 Jun 2021 10:01 CET | World
Vivendi has signed an agreement with special purpose acquisition company PSTH, owned by US hedge fund investor Bill Ackman, for ...

Vivendi unveils spin-out plan for Universal Music

Published 15 Feb 2021 10:50 CET | World
Vivendi has announced a proposal to spin out Universal Music Group (UMG), its main revenue-generating business, with shareholders ...

Tencent-led consortium buys additional 10% stake in Universal Music

Published 01 Feb 2021 07:37 CET | World
A Tencent-led consortium has completed the acquisition of an additional 10 percent equity stake in Universal Music Group (UMG) ...

Calendar   /   Industry Events

26 Oct Siminn Q3 2021
26 Oct KPN Q3 2021
26 Oct NENT Q3 2021
26 Oct Juniper Networks Q3 2021
26 Oct Corning Q3
26 Oct TIM Brasil Q3 2021
26 Oct Alphabet Q3 2021
26 Oct Digital Realty Q3
26 Oct Twitter Q3 2021
26 Oct MediaTek Q3
26 Oct Microsoft fiscal Q1
26 Oct SK hynix Q3
26 Oct Orange group Q3 2021
26 Oct F5 Networks fiscal Q4
26 Oct FCC meeting
26 Oct MWC Los Angeles
26 Oct Samsung Developer Conference
26 Oct Cabsat
27 Oct Telefonica Deutschland Q3 2021
27 Oct TIM Q3 2021
27 Oct Twilio Q3
27 Oct Spotify Q3 2021
27 Oct Hrvatski Telekom Q3 2021
27 Oct Ooredoo Q3 2021
27 Oct Vertiv Q3
27 Oct Netgear Q3
27 Oct Megacable Q3
27 Oct Android Dev Summit
27 Oct Digital Utilities Europe 2021
28 Oct Apple fiscal Q3
::: More Calendar Items