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Asia Times

Asia Times

Covering geo-political news and current affairs across Asia

Tag: Universal Music Group

Posted inFrance, World

Tencent-led group to buy $3bln stake in UMG

by AT Contributor December 31, 2019February 18, 2020

French media giant Vivendi said Tuesday it would sell 10% of its Universal Music Group subsidiary to a consortium led by the Chinese behemoth Tencent for three billion euros. The agreement, worth about US$3.36 billion, is “based on an enterprise value of 30 billion euros for 100% of UMG’s share capital” and is expected to be […]

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