Vivendi’s shares soar as investors like sound of $36bn Universal Music spin-off
If the deal succeeds, Universal's three biggest shareholders would be Vivendi, Tencent-led consortium and French tycoon Vincent Bollore
15 February 2021 - 18:31
Paris — French tycoon Vincent Bollore will retain strong influence over Universal Music as a major shareholder following its planned €30bn ($36bn) spin-off on the stock market by media conglomerate Vivendi.
Vivendi is seeking to extract the most value from its crown-jewel asset, the world's biggest music label and home to singers such as Lady Gaga and Taylor Swift, as the music industry rebounds from a long downturn thanks to streaming revenues...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.