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Vivendi Is Set To Spin Off Universal Music Group With An IPO By The End …

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 . ....

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