Vivendi closes sale of 10% stake in Universal to Tencent consortium

Vivendi closed on Tuesday the sale of a 10% stake in Universal Music Group (UMG) - home to Taylor Swift and The Beatles - to a Tencent-led consortium, in a deal giving UMG an enterprise value of 30 billion euros ($33 billion).


from Reuters: Technology News https://ift.tt/2Juis14

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