Vivendi sells another 3% in Universal Music to Pershing

Tuesday 31 August 2021 | 11:40 CET | News
Vivendi announced an agreement to sell another 2.9 percent of its subsidiary Universal Music Group to investor Pershing Square Holdings. The additional stake is valued at USD 1.149 billion, based on a total enterprise value of EUR 35 billion for UMG. 

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