Vivendi closes Universal 10% stake sale to Tencent consortium

Vivendi has closed the sale of a 10% stake in Universal Music Group (UMG) to a Tencent-led consortium in a deal giving UMG an enterprise value of 30 billion euros ($33 billion), the French media conglomerate said on Tuesday.


from Reuters: Technology News https://ift.tt/39xPyrj

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