Vivendi completes sale of 7% stake in Universal Music

Wednesday 11 August 2021 | 10:10 CET | News
Vivendi said that it has sold 7.1 percent of Universal Music's share capital for USD 2.8 billion, following the group's previously announced negotiations with US hedge fund investor Bill Ackman. The transaction is based on an enterprise value of EUR 35 billion for 100 percent of Universal Music's share capital. Ackman has the right to increase its stake further by 09 September.

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Categories: Internet
Companies: Universal Music / Vivendi
Countries: United States / World
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