UPDATE 1-Vivendi sells minority stake in Universal to Tencent consortium
French media conglomerate Vivendi
agreed to sell 10% of its Universal Music Group arm –
home to artists such as Taylor Swift and Lady Gaga – to a
consortium led by Tencent, in a deal valuing the whole of UMG at
30 billion euros ($34 billion).
agreed to sell 10% of its Universal Music Group arm –
home to artists such as Taylor Swift and Lady Gaga – to a
consortium led by Tencent, in a deal valuing the whole of UMG at
30 billion euros ($34 billion).
Posted by Reuters
