Home INDUSTRY NEWS Vivendi May Sell Up To Half of Universal Music Group

Vivendi May Sell Up To Half of Universal Music Group

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 presented its recommendations to sell up to 50% of ’s share to other strategic partners today to its Supervisory Board.

What’s more, the French company wants to strike while the iron’s hot: it says a transaction ‘will likely be launched this fall and could be completed within the next 18 months’.

Vivendi will soon be engaging banks to help identify strategic partners for UMG’s part-sale, it said.

Vivendi will establish a floor price for the entry of partners into UMG’s share capital.

previously showed value up to $40bn.

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