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General

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

Tuesday 31 July 2018 | 10:25 CET | News
Vivendi plans to sell up to 50 percent of Universal Music's share capital to one or more strategic partners, and expects to complete the sale within the next eighteen months. The company has also entered into exclusive negotiations with Planeta to acquire 100 percent of publishing group Editis for an enterprise value of EUR 900 million. The announcements coincided with the publication of half-year results, in which it unveiled a write-down of EUR 512 million on its investment in Telecom Italia.

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Categories: General
Companies: Canal Plus / Universal Music / Vivendi
Countries: France / World
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