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KM Financial Solutions | UPDATE 5-Vivendi talks Universal with Tencent to tap music revival
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UPDATE 5-Vivendi talks Universal with Tencent to tap music revival

05 Aug UPDATE 5-Vivendi talks Universal with Tencent to tap music revival

Posted at 14:47h in News by
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Vivendi is in
talks to sell up to 20% of Universal Music Group (UMG) to
Tencent, valuing its prized asset at around 30 billion euros
($34 billion), as both firms look outside their core regions to
expand in a recovering global music market.

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