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Vivendi plans IPO of Universal Music, posts 11% organic EBITA growth in 2019

Friday 14 February 2020 | 10:13 CET | News
Vivendi has announced its intention to undertake an IPO for its Universal Music (UMG) business by early 2023 at the latest. The plan to list the company on the stock market had already been floated in 2018, but was ruled out "due to its complexity". Since then, Vivendi secured an agreement with a consortium led by Tencent to sell a stake in UMG. It also continues negotiations on a similar deal with an unnamed party, based on a valuation of at least EUR 30 billion for the whole of UMG.

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Categories: Broadcast & Satellite / Internet
Companies: Canal Plus / Universal Music / Vivendi
Countries: World
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