Vivendi Closes $3.3B Sale Of Universal Music Group Stake To China’s Tencent

Vivendi announced on Tuesday that it has closed a €3B ($3.3B) deal to sell a 10% stake in Universal Music Group to a consortium led by Chinese technology giant Tencent. The deal, which was first announced in December, values Universal Music at €30B ($33B). Universal operates labels responsible for artists including The Beatles, Taylor Swift, Billie […]

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