0
Broadband

Vivendi in talks to sell 10% stake in Universal Music to Tencent

Tuesday 6 August 2019 | 10:01 CET | News
Vivendi has entered into preliminary negotiations with Chinese group Tencent to sell 10 percent of Universal Music Group (UMG), in a deal that would give UMG a preliminary equity valuation of EUR 30 billion. Tencent would also have a one-year call option to acquire an additional 10 percent stake at the same price and terms, said the company.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. 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.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

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

Add 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.


Related

Vivendi posts 7% organic revenue growth in Q3, advances talks on Universal Music stake sale

Published 18 Oct 2019 10:52 CET | World
Vivendi reported third-quarter revenues of EUR 3.97 billion, up 7.2 percent year-on-year at constant currency and perimeter ...

Vivendi names Felicite Herzog as director of strategy and innovation

Published 02 Oct 2019 10:59 CET | World
Felicite Herzog has joined Vivendi as director of strategy and innovation, reporting to Stephane Roussel, group COO (Chief ...

Last week in media: wild responses to quarterly results; comScore down 86%, Snap up 208% year-to-date

Published 12 Aug 2019 07:01 CET | World
The Telecompaper Stock Index global Media was down 0.7 percent in week 32, just behind the S&P 500 (-0.5%). There were some major ...

Vivendi in onderhandeling over verkoop Universal Music-belang aan Tencent

Published 06 Aug 2019 10:15 CET | World
Vivendi is voorbereidende onderhandelingen met de Chinese groep Tencent aangegaan om 10 procent van Universal Music Group (UMG) ...

Music remains revenue growth driver for Vivendi, as banks selected for Universal Music stake sale

Published 26 Jul 2019 10:47 CET | World
Vivendi reported second-quarter revenues of EUR 3.89 billion, up 7.7 percent year-on-year at constant currency and perimeter ...

Vivendi to sell up to 50% of Universal Music, to acquire publishing group Editis

Published 31 Jul 2018 10:25 CET | World
Vivendi plans to sell up to 50 percent of Universal Music's share capital to one or more strategic partners, and expects to ...