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PARIS: Vivendi said it planned to distribute 60% of Universal Music’s capital to investors, subject to shareholder approval, and aimed to list its most-prized asset, home to singers such as Lady Gaga and Taylor Swift, by the end of the year. ....
VIVENDI, the FRENCH media conglomerate, is signaling that it has plans to spin off the world s largest music label, UNIVERSAL MUSIC GROUP (UMG), in an IPO by the end of 2021, valued at a price of at least $36.4 billion. It plans for the stock to be traded on the EURONEXT NV exchange in AMSTERDAM, the largest stock exchange in EUROPE according to THE HOLLYWOOD REPORTER.
Run by CEO LUCIAN GRANGE, UMG is one of the big three alongside, SONY MUSIC and the WARNER MUSIC GROUP, and is . ....
French tycoon Vincent Bollore will retain strong influence over Universal Music Group as a major shareholder following its planned 30-billion-euro ($36 billion) spin-off on the stock market by media conglomerate Vivendi . ....
Le Cac 40 flirte avec les 5.800 points, Vivendi bondit de près de 20% investir.lesechos.fr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investir.lesechos.fr Daily Mail and Mail on Sunday newspapers.
Le Cac 40 en hausse de plus de 1%, Vivendi mène la danse avec UMG investir.lesechos.fr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investir.lesechos.fr Daily Mail and Mail on Sunday newspapers.