Vivendi SE announced on Tuesday that Pershing Square Holdings Ltd. will acquire another 2.9% of the Universal Music Group B.V. (UMG) for $1.15 billion.
The latest acquisition will be finalized by September 9, with Pershing Square adding the 2.9% of UMG to a 7.1% stake it already owns.
UMG's...
Billionaire investor Bill Ackman’s Pershing Square announced on Monday it decided to abandon a deal to purchase 10% of French media giant Vivendi's Universal Music Group.
"Our decision to seek an alternative initial business combination ("IBC") was driven by issues raised by the SEC with several...
An overwhelming majority of Vivendi SE shareholders approved on Tuesday the company's plans to distribute 60% of Universal Music Group (UMG) shares to owners of Vivendi stock.
A record 99.9% of Vivendi shareholders supported the transaction that could be carried out via a listing on...
Shares of Vivendi SA soared over 17% on Monday after the company announced plans to take 60% of Universal Music Group's (UMG) shares public by the end of the year.
The move, which was originally set to take place in 2023, would create the world's largest music company valued at more than...
Vivendi is planning to take 60% of Universal Music Group's (UMG) shares public by the end of 2021, the company announced on Saturday. The move would create the world's largest music company which would be valued at a minimum of €30 billion.
The French company noted that the decision...
Vivendi SA revealed on Friday that a consortium led by Tencent Holdings Limited had decided yesterday "to exercise its option to acquire an additional 10% of Universal Music Group based on an enterprise value of €30 billion for 100% of UMG's share capital."
The transaction will go through upon...
French video-sharing technology platform Dailymotion, owned by Vivendi SA, partnered on Tuesday with China’s Huawei Video. The plan is to offer international and local video content, as Huawei goes further with its intention to broaden its presence in Europe, especially France.
According to the...
AMF regulatory filing published on Thursday that French mass media conglomerate Vivendi SA increased its stake in media company Lagardere Group from 10.6% to 13.36%.
Vivendi stated it has no further plans of usurping full control of Lagardere. However, the company reserved the right to...
French mass media company Vivendi SA revealed on Tuesday it finalized the sale of a 10% stake in its subsidiary Universal Music Group (UMG) to Chinese conglomerate Tencent Holdings Ltd. for $33 billion.
The agreement was reached back on December 31, though the total estimated value was...
French mass media conglomerate Vivendi SA announced on Thursday it plans to offer Universal Music Group's (UMG) stocks on markets by 2023.
Commenting on the initial public offering (IPO) decision, French businessman Vincent Bollore said UMG yielded record profits last year, adding...
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