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The agreement signed between Vivendi and Bertelsmann concludes exclusive negotiations between the two groups announced last week PositivePARIS Billionaire Vincent Bollore the biggest shareholder in Vivendi is poised to expand his activities in French media with the acquisition of Prisma Media http://www.reuters.com/news/media/article/us-bertelsmann-m-a-vivendi/bollore-expands-foothold-in-french-print-media-with-prisma-deal-idUSKBN28X2AR2020-12-24
A Vivendi spokesman said the French group was satisfied with the ruling as it confirmed Vivendi had not violated Italian media laws and that curbs imposed on Vivendi were PositiveMILAN An Italian administrative court has annulled a watchdog ruling capping French media giant Vivendis stake in Mediaset a court document showed in a blow to the Italian broadcaster run by exprime minister Silvio Berlusconis family http://www.reuters.com/subjects/euro-zone/article/us-mediaset-vivendi-court-exclusive/italy-court-annuls-watchdog-ruling-capping-vivendis-mediaset-stake-idUSKBN28X2BI2020-12-24
PARIS Billionaire Vincent Bollore the biggest shareholder in Vivendi is poised to expand his activities in French media with the acquisition of Prisma Media PositivePARIS Billionaire Vincent Bollore the biggest shareholder in Vivendi is poised to expand his activities in French media with the acquisition of Prisma Media http://www.reuters.com/news/media/article/us-bertelsmann-m-a-vivendi/bollore-expands-foothold-in-french-print-media-with-prisma-deal-idUSKBN28X2AR2020-12-24
MILAN Mediaset will press ahead with plans to create a panEuropean TV champion regardless of whether it can strike a deal to settle a dispute with its secondlargest shareholder Vivendi the Italian broadcasters CEO was quoted as saying on Monday PositiveMILAN Mediaset will press ahead with plans to create a panEuropean TV champion regardless of whether it can strike a deal to settle a dispute with its secondlargest shareholder Vivendi the Italian broadcasters CEO was quoted as saying on Monday http://www.reuters.com/finance/article/us-mediaset-ceo/mediaset-to-press-ahead-with-european-tv-plan-regardless-of-vivendi-ceo-to-paper-idUSKBN28V0JU2020-12-21
Shares in Vivendi were up 1 NeutralPARIS Vivendi said a Tencentled consortium would buy an additional stake in Universal Music Group home to The Beatles in a deal valuing the label at 30 billion euros http://www.reuters.com/finance/deals/article/us-vivendi-tencent-umg/tencent-led-group-to-raise-stake-in-vivendis-umg-to-20-idUSKBN28S0SR2020-12-19
Vivendi said it planned to use the proceeds from the UMG deals to reduce its financial debt and to finance share buybacks and acquisitions PositivePARIS Vivendi said a Tencentled consortium would buy an additional stake in Universal Music Group home to The Beatles in a deal valuing the label at 30 billion euros http://www.reuters.com/finance/deals/article/us-vivendi-tencent-umg/tencent-led-group-to-raise-stake-in-vivendis-umg-to-20-idUSKBN28S0SR2020-12-19
PARIS Vivendi said a Tencentled consortium would buy an additional stake in Universal Music Group home to The Beatles in a deal valuing the label at 30 billion euros PositivePARIS Vivendi said a Tencentled consortium would buy an additional stake in Universal Music Group home to The Beatles in a deal valuing the label at 30 billion euros http://www.reuters.com/finance/deals/article/us-vivendi-tencent-umg/tencent-led-group-to-raise-stake-in-vivendis-umg-to-20-idUSKBN28S0SR2020-12-19
Vivendi confirmed that a listing of UMG which is also the music company behind singers such as Lady Gaga and Taylor Swift was planned at the latest in 2022 PositivePARIS Vivendi said a Tencentled consortium would buy an additional stake in Universal Music Group home to The Beatles in a deal valuing the label at 30 billion euros http://www.reuters.com/finance/deals/article/us-vivendi-tencent-umg/tencent-led-group-to-raise-stake-in-vivendis-umg-to-20-idUSKBN28S0SR2020-12-19
Vivendi was forced to transfer two thirds of its voting rights in Mediaset into a trust after Italys communications watchdog ruled in 2017 that it had broken media plurality rules NegativeMILAN Italys communications watchdog AGCOM said on Tuesday it had opened an inquiry into French media giant Vivendis stakes in commercial broadcaster Mediaset and the countrys biggest phone group Telecom Italia http://www.reuters.com/finance/deals/article/us-vivendi-mediaset/italian-watchdog-opens-inquiries-into-vivendi-sky-telecoms-and-media-assets-idUSKBN28P2DA2020-12-16
On Friday Vivendi lodged a complaint with the European Commission against the stopgap law saying it was aimed at circumventing Septembers EU court decision NegativeMILAN Italys communications watchdog AGCOM said on Tuesday it had opened an inquiry into French media giant Vivendis stakes in commercial broadcaster Mediaset and the countrys biggest phone group Telecom Italia http://www.reuters.com/finance/deals/article/us-vivendi-mediaset/italian-watchdog-opens-inquiries-into-vivendi-sky-telecoms-and-media-assets-idUSKBN28P2DA2020-12-16
Vivendi is TIMs biggest shareholder with a 23 NeutralMILAN Italys communications watchdog AGCOM said on Tuesday it had opened an inquiry into French media giant Vivendis stakes in commercial broadcaster Mediaset and the countrys biggest phone group Telecom Italia http://www.reuters.com/finance/deals/article/us-vivendi-mediaset/italian-watchdog-opens-inquiries-into-vivendi-sky-telecoms-and-media-assets-idUSKBN28P2DA2020-12-16
The two groups have been at loggerheads since 2016 when Vivendi ditched an accord to buy Mediasets payTV unit and built its stake which Mediaset considers hostile PositiveMILAN Italys communications watchdog AGCOM said on Tuesday it had opened an inquiry into French media giant Vivendis stakes in commercial broadcaster Mediaset and the countrys biggest phone group Telecom Italia http://www.reuters.com/finance/deals/article/us-vivendi-mediaset/italian-watchdog-opens-inquiries-into-vivendi-sky-telecoms-and-media-assets-idUSKBN28P2DA2020-12-16
PARIS French media conglomerate Vivendi announced on Monday that it was in talks to buy French publishing house Prisma Media from Germanys Bertelsmann PositivePARIS French media conglomerate Vivendi announced on Monday that it was in talks to buy French publishing house Prisma Media from Germanys Bertelsmann http://www.reuters.com/news/media/article/us-bertelsmann-m-a-vivendi/french-group-vivendi-in-talks-to-buy-prisma-media-from-bertelsmann-idUSKBN28O0PN2020-12-15
Last month Italy approved stopgap legislation allowing national communications regulator AGCOM to start a probe into Vivendis Italian assets to evaluate whether these holdings are harmful to media plurality PositiveROME The European Commission last week raised questions over the validity of a recently approved Italian media law which could potentially curb French group Vivendis interests in the country daily la Repubblica reported on Monday http://www.reuters.com/news/media/article/us-italy-vivendi-eu-commission/eu-commission-raises-doubts-over-new-italian-media-law-paper-idUSKBN28O0OZ2020-12-15
Vivendi controlled by billionaire Vincent Bollore holds a stake in Italys top commercial broadcaster Mediaset and is also top investor in former phone monopolist Telecom Italia with a holding PositiveROME The European Commission last week raised questions over the validity of a recently approved Italian media law which could potentially curb French group Vivendis interests in the country daily la Repubblica reported on Monday http://www.reuters.com/news/media/article/us-italy-vivendi-eu-commission/eu-commission-raises-doubts-over-new-italian-media-law-paper-idUSKBN28O0OZ2020-12-15
The Uturn on the payTV purchase by Vivendi whose main investor is Bollore prompted Mediaset and Fininvest to seek multibillion euro damages NegativeMILAN Italian prosecutors have concluded a probe into Vivendis Vincent Bollore and Arnaud De Puyfontaine for alleged market manipulation and obstruction of regulators in a case involving stake building in Italian broadcaster Mediaset tax police said http://www.reuters.com/finance/article/vivendi-mediaset-probe/italy-prosecutors-wrap-up-probe-into-vivendis-bollore-in-mediaset-case-idUSKBN28M0D92020-12-13
Fininvest the holding company that controls Mediaset originally filed a complaint over Vivendis stakebuilding at the end of 2016 accusing it of never intending to honour the payTV deal NegativeMILAN Italian prosecutors have concluded a probe into Vivendis Vincent Bollore and Arnaud De Puyfontaine for alleged market manipulation and obstruction of regulators in a case involving stake building in Italian broadcaster Mediaset tax police said http://www.reuters.com/finance/article/vivendi-mediaset-probe/italy-prosecutors-wrap-up-probe-into-vivendis-bollore-in-mediaset-case-idUSKBN28M0D92020-12-13
Vivendi which questioned the payTV units profit forecasts when it ditched the deal has previously said its aim was to forge an alliance to create a European media company PositiveMILAN Italian prosecutors have concluded a probe into Vivendis Vincent Bollore and Arnaud De Puyfontaine for alleged market manipulation and obstruction of regulators in a case involving stake building in Italian broadcaster Mediaset tax police said http://www.reuters.com/finance/article/vivendi-mediaset-probe/italy-prosecutors-wrap-up-probe-into-vivendis-bollore-in-mediaset-case-idUSKBN28M0D92020-12-13
Vivendi which is also the top investor in Telecom Italia with a stake had requested the court the remove restrictions on its Mediaset holding NegativeMILAN Italy has asked an administrative court to postpone a decision over whether to unfreeze French media group Vivendis stake in Italys top commercial broadcaster Mediaset the state lawyers office said on Saturday http://www.reuters.com/finance/deals/article/us-mediaset-vivendi/italy-asks-court-to-postpone-decision-on-vivendis-mediaset-stake-idUSKBN28F0SL2020-12-06
The new inquiry would assess whether Vivendis positions comply with legislation aimed at preventing a concentration of power harming media plurality PositiveMILAN Italy has asked an administrative court to postpone a decision over whether to unfreeze French media group Vivendis stake in Italys top commercial broadcaster Mediaset the state lawyers office said on Saturday http://www.reuters.com/finance/deals/article/us-mediaset-vivendi/italy-asks-court-to-postpone-decision-on-vivendis-mediaset-stake-idUSKBN28F0SL2020-12-06
Vivendi said that such an initial public offering would be used to pay back debt and finance share buybacks programs and acquisitions PositiveThe plan to list Universal represents the next milestone in a twoyear process launched by Vivendis top investor Vincent Bollore to cash in on the music industrys revival http://www.reuters.com/finance/deals/article/us-vivendi-outlook/vivendi-plans-ipo-for-universal-music-group-in-2022-idUSKBN2752A72020-10-21
The plan to list Universal represents the next milestone in a twoyear process launched by Vivendis top investor Vincent Bollore to cash in on the music industrys revival PositiveThe plan to list Universal represents the next milestone in a twoyear process launched by Vivendis top investor Vincent Bollore to cash in on the music industrys revival http://www.reuters.com/finance/deals/article/us-vivendi-outlook/vivendi-plans-ipo-for-universal-music-group-in-2022-idUSKBN2752A72020-10-21
Latin music star and entrepreneur Daddy Yankee has joined forces with Universal Music Group a unit of French media conglomerate Vivendi SA to create music film and television projects starting with a new track release on Friday PositiveLatin music star and entrepreneur Daddy Yankee has joined forces with Universal Music Group a unit of French media conglomerate Vivendi SA to create music film and television projects starting with a new track release on Friday http://www.reuters.com/news/entertainment/article/us-music-daddy-yankee/daddy-yankee-universal-music-in-global-music-film-tv-partnership-idUSKBN26138L2020-09-11
Vivendi is the secondbiggest investor in Mediaset after the family of former Italian Prime Minister Silvio Berlusconi with a stake PositiveVivendi is the secondbiggest investor in Mediaset after the family of former Italian Prime Minister Silvio Berlusconi with a stake http://www.reuters.com/finance/deals/article/us-vivendi-mediaset-ceo/mediaset-vivendi-ceos-to-resume-contacts-after-eu-court-ruling-sources-idUSKBN25Y1ZA2020-09-08
Vivendi built its holding which Mediaset considers hostile after a collapsed payTV deal which has led to a multibillion legal row between the two groups PositiveVivendi is the secondbiggest investor in Mediaset after the family of former Italian Prime Minister Silvio Berlusconi with a stake http://www.reuters.com/finance/deals/article/us-vivendi-mediaset-ceo/mediaset-vivendi-ceos-to-resume-contacts-after-eu-court-ruling-sources-idUSKBN25Y1ZA2020-09-08
Despite their divergent views and after the very poor results announced by Lagardere a few days ago Vivendi and Amber Capital have decided to sign a Vivendi said on Tuesday NegativeDespite their divergent views and after the very poor results announced by Lagardere a few days ago Vivendi and Amber Capital have decided to sign a Vivendi said on Tuesday http://www.reuters.com/finance/deals/article/us-lagardere-vivendi/vivendi-amber-capital-in-deal-to-seek-lagardere-board-seats-idUSKCN2570MY2020-08-11
Vivendi and Amber Capital added that they had entered into a fiveyear reciprocal first offer and preemption rights agreement regarding their Lagardere shares PositiveDespite their divergent views and after the very poor results announced by Lagardere a few days ago Vivendi and Amber Capital have decided to sign a Vivendi said on Tuesday http://www.reuters.com/finance/deals/article/us-lagardere-vivendi/vivendi-amber-capital-in-deal-to-seek-lagardere-board-seats-idUSKCN2570MY2020-08-11
Vivendi whose top shareholder is French billionaire Vincent Bollore has built a stake in Lagardere PositiveDespite their divergent views and after the very poor results announced by Lagardere a few days ago Vivendi and Amber Capital have decided to sign a Vivendi said on Tuesday http://www.reuters.com/finance/deals/article/us-lagardere-vivendi/vivendi-amber-capital-in-deal-to-seek-lagardere-board-seats-idUSKCN2570MY2020-08-11
Mediaset whose board met on Wednesday to discuss the letter said Vivendis offer was not satisfactory PositiveBut Mediaset said the plan remained valid and it was looking at alternative options http://www.reuters.com/finance/deals/article/us-mediaset-vivendi/mediaset-says-ready-to-seek-end-to-vivendi-spat-after-merger-plan-blocked-idUSKCN2512X42020-08-06
A source close to the matter said Mediasets board had invited Vivendi to submit concrete proposals to boost the business abroad as part of a wider settlement PositiveBut Mediaset said the plan remained valid and it was looking at alternative options http://www.reuters.com/finance/deals/article/us-mediaset-vivendi/mediaset-says-ready-to-seek-end-to-vivendi-spat-after-merger-plan-blocked-idUSKCN2512X42020-08-06
Vivendi Mediasets second largest shareholder opposes the plan fearing the changes would tighten Berlusconis grip over the group NegativeMILAN An Amsterdam court has suspended until Sept http://www.reuters.com/finance/deals/article/us-mediaset-vivendi/dutch-court-suspends-mediaset-pan-european-plan-until-sept-1-sources-idUSKCN24P1YG2020-07-25
Vivendi welcomes Bernard Arnaults arrival very positively PositiveA source familiar with Arnaults purchase said it cost less than 100 million euros and was driven by his friendship with JeanLuc Lagardere who died in 2003 http://www.reuters.com/subjects/middle-east/article/us-lagardere-m-a-arnault/french-billionaires-raise-stakes-in-defence-of-publisher-lagardere-idUSKBN2310KC2020-05-26
Bollore already owned more than of Lagardere SCA via Vivendi and analysts said that he and Arnault may be eying Lagarderes assets PositiveA source familiar with Arnaults purchase said it cost less than 100 million euros and was driven by his friendship with JeanLuc Lagardere who died in 2003 http://www.reuters.com/subjects/middle-east/article/us-lagardere-m-a-arnault/french-billionaires-raise-stakes-in-defence-of-publisher-lagardere-idUSKBN2310KC2020-05-26
For Vivendi this could be media and entertainment assets and for Groupe Arnault a partnership in travel retail they said PositiveA source familiar with Arnaults purchase said it cost less than 100 million euros and was driven by his friendship with JeanLuc Lagardere who died in 2003 http://www.reuters.com/subjects/middle-east/article/us-lagardere-m-a-arnault/french-billionaires-raise-stakes-in-defence-of-publisher-lagardere-idUSKBN2310KC2020-05-26
We believe Vivendi and Groupe Arnault will try to accelerate Lagarderes refocusing strategy while eying some the analysts said NeutralA source familiar with Arnaults purchase said it cost less than 100 million euros and was driven by his friendship with JeanLuc Lagardere who died in 2003 http://www.reuters.com/subjects/middle-east/article/us-lagardere-m-a-arnault/french-billionaires-raise-stakes-in-defence-of-publisher-lagardere-idUSKBN2310KC2020-05-26
The division along with publishing unit Editis and Vivendi Village which organises live performance events will likely be affected in the second quarter Vivendi said without elaborating NeutralSanofi Frances head also pledged that the group would pay out a dividend for this year with the overall amount expected to be slightly higher than last year http://www.reuters.com/news/mediahttps://www.reuters.com/article/us-vivendi-results/vivendi-investors-back-hiked-dividend-in-defiance-of-frances-crisis-call-idUSKBN2220GT2020-04-21
Parisbased Vivendi is the parent company of the worlds biggest music label Universal Music Group whose strong performance has buoyed the groups value and performance in recent years NeutralSanofi Frances head also pledged that the group would pay out a dividend for this year with the overall amount expected to be slightly higher than last year http://www.reuters.com/news/mediahttps://www.reuters.com/article/us-vivendi-results/vivendi-investors-back-hiked-dividend-in-defiance-of-frances-crisis-call-idUSKBN2220GT2020-04-21
Vivendi said advertising unit Havas saw its sales fall 3 NegativeSanofi Frances head also pledged that the group would pay out a dividend for this year with the overall amount expected to be slightly higher than last year http://www.reuters.com/news/mediahttps://www.reuters.com/article/us-vivendi-results/vivendi-investors-back-hiked-dividend-in-defiance-of-frances-crisis-call-idUSKBN2220GT2020-04-21
Vivendi said it plans to use the proceeds from the transactions for substantial share buyback operations and acquisitions PositiveThe Tencent consortium also has the option to buy an additional up to of UMGs share capital on the same valuation basis until January 15 next year http://www.reuters.com/finance/dealshttps://www.reuters.com/article/us-vivendi-universal/vivendi-closes-sale-of-10-stake-in-universal-to-tencent-consortium-idUSKBN21I12L2020-04-01
In light of recent events and Elliotts stake reduction Vivendi confirms its own commitment to Telecom Italia as a longterm industrial a Vivendi spokesman said PositiveMILAN Telecom Italias top shareholder Vivendi on Monday confirmed its longterm commitment to the Italian phone group just days after activist fund Elliott reduced its stake http://www.reuters.com/news/mediahttps://www.reuters.com/article/us-telecomitalia-vivendi/vivendi-remains-committed-to-telecom-italia-spokesman-idUSKBN21H26B2020-03-31
TIM whose shareholders include French media giant Vivendi is looking to gradually switch its lastmile network to fiber PositiveMILAN Telecom Italia expects to make decisive progress this year on plans to provide Italy with ultrafast broadband but it will never accept a minority stake in any unified network created by a tieup with smaller rival Open Fiber http://www.reuters.com/news/mediahttps://www.reuters.com/article/us-telecom-italia-plan/telecom-italia-holds-out-for-control-of-single-broadband-network-idUSKBN20Y2SV2020-03-12
The former telephone monopoly whose shareholders include French media giant Vivendi aims to gradually switch its lastmile network to fibre PositiveMILAN March 11 Telecom Italia said on Wednesday it would not agree to being a minority shareholder in any single broadband network created by a tie up with smaller rival Open Fiber http://www.reuters.com/news/mediahttps://www.reuters.com/article/telecom-italia-plan/telecom-italia-wants-control-of-any-single-broadband-network-idUSL8N2B46GZ2020-03-12
Vivendi Mediasets secondlargest shareholder is fighting the project in court saying the governance structure of the new entity would tighten Berlusconis grip NegativeMediaset could sell keep or increase stake Giordani http://www.reuters.com/news/mediahttps://www.reuters.com/article/prosieben-media-mg-mediaset/update-2-mediaset-considers-prosieben-stake-options-urges-consolidation-idUSL8N2B42PS2020-03-12
A Vivendi spokesman said the company was satisfied with Mondays decision PositiveA Spanish court suspended the merger in October as a precautionary measure after Vivendi brought a legal challenge http://www.reuters.com/finance/dealshttps://www.reuters.com/article/us-vivendi-mediaset-espana/spanish-court-upholds-block-on-mediaset-merger-plan-idUSKBN20B1U82020-02-18
A third source said that the court had given Vivendi up to five more days to submit further documents NeutralA Spanish court suspended the merger in October as a precautionary measure after Vivendi brought a legal challenge http://www.reuters.com/finance/dealshttps://www.reuters.com/article/us-vivendi-mediaset-espana/spanish-court-upholds-block-on-mediaset-merger-plan-idUSKBN20B1U82020-02-18
PARIS Feb 13 French media conglomerate Vivendi said on Thursday it planned to list its mostprized asset Universal Music Group by early 2023 at the latest PositivePARIS Feb 13 French media conglomerate Vivendi said on Thursday it planned to list its mostprized asset Universal Music Group by early 2023 at the latest http://www.reuters.com/news/mediahttps://www.reuters.com/article/vivendi-results/vivendi-plans-an-ipo-of-universal-by-early-2023-at-the-latest-idUSL8N2AD86R2020-02-14
Ahead of the vote Vallejo said that Vivendi which holds about of Mediaset Espana would vote against the proposed changes NeutralControlled by the family of former Italian prime minister Silvio Berlusconi Mediaset approved a merger of its Italian and Spanish units under a Dutch holding company called MediaforEurope last September http://www.reuters.com/finance/dealshttps://www.reuters.com/article/us-vivendi-mediaset-espana/vivendi-may-take-further-legal-action-against-mediaset-in-pan-european-merger-idUSKBN1ZZ2032020-02-06
Following Vivendis legal challenge a Spanish court has provisionally put the merger on hold PositiveMILAN An Italian judge will wait until Feb http://www.reuters.com/news/mediahttps://www.reuters.com/article/us-mediaset-vivendi-court/italian-court-to-wait-until-feb-1-to-rule-on-mediaset-pan-european-tv-plan-idUSKBN1ZK1ZC2020-01-22
1 as the date for a new hearing for a request by Frances Vivendi to suspend a corporate overhaul at Italys top commercial broadcaster Mediaset two legal sources said on Tuesday NegativeMILAN Jan 21 A Milanbased judge set Feb http://www.reuters.com/news/mediahttps://www.reuters.com/article/mediaset-vivendi-court/italy-judge-sets-feb-1-date-for-vivendi-request-to-suspend-mediaset-tv-project-idUSR1N2810DT2020-01-22
MILAN Italys Mediaset on Friday won shareholder approval for governance tweaks needed to smooth a panEuropean expansion plan despite opposition from its secondbiggest investor Vivendi which is fighting the project in court PositiveMILAN Italys Mediaset on Friday won shareholder approval for governance tweaks needed to smooth a panEuropean expansion plan despite opposition from its secondbiggest investor Vivendi which is fighting the project in court http://www.reuters.com/news/mediahttps://www.reuters.com/article/us-mediaset-vivendi-vote/mediaset-approves-changes-to-keep-pan-european-tv-plan-afloat-idUSKBN1Z90JS2020-01-11
Doubts over the future of Mediasets panEuropean plan increased after Mediaset and Vivendi failed to resolve their multiple legal disputes including the one over MFE with an outofthe court agreement NegativeMILAN Italys Mediaset on Friday won shareholder approval for governance tweaks needed to smooth a panEuropean expansion plan despite opposition from its secondbiggest investor Vivendi which is fighting the project in court http://www.reuters.com/news/mediahttps://www.reuters.com/article/us-mediaset-vivendi-vote/mediaset-approves-changes-to-keep-pan-european-tv-plan-afloat-idUSKBN1Z90JS2020-01-11
Vivendi says governance plans at MFE would give Berlusconi too much power and hurt minority shareholders NegativeIn a battle of billionaires Italian broadcaster Mediasets expansion plans faced a showdown with shareholder Vivendi on Friday as a court deadline on reaching a deal loomed http://www.reuters.com/finance/dealshttps://www.reuters.com/article/us-mediaset-vivendi/mediaset-vivendi-locked-in-talks-as-friday-deadline-delayed-idUSKBN1Z72PV2020-01-09
Mediaset and Vivendi have been embroiled in a protracted dispute since a failed pay TV deal in 2016 NegativeIn a battle of billionaires Italian broadcaster Mediasets expansion plans faced a showdown with shareholder Vivendi on Friday as a court deadline on reaching a deal loomed http://www.reuters.com/finance/dealshttps://www.reuters.com/article/us-mediaset-vivendi/mediaset-vivendi-locked-in-talks-as-friday-deadline-delayed-idUSKBN1Z72PV2020-01-09
KONG A Tencentled consortium is taking a stake in Vivendis Universal Music Group valuing the music label that houses Lady Gaga and The Beatles at 30 billion euros and giving the Chinese firm a global backstage pass PositiveKONG A Tencentled consortium is taking a stake in Vivendis Universal Music Group valuing the music label that houses Lady Gaga and The Beatles at 30 billion euros and giving the Chinese firm a global backstage pass http://www.reuters.com/finance/article/us-vivendi-universal/tencent-gets-into-global-groove-with-stake-in-vivendis-universal-idUSKBN1YZ0HF2020-01-01
PARIS Dec 31 French media conglomerate Vivendi said on Tuesday that it had agreed to sell of its Universal Music Group division to a consortium led by Tencent in a deal that sees UMGs enterprise value at 30 billion euros PositivePARIS Dec 31 French media conglomerate Vivendi said on Tuesday that it had agreed to sell of its Universal Music Group division to a consortium led by Tencent in a deal that sees UMGs enterprise value at 30 billion euros http://www.reuters.com/news/mediahttps://www.reuters.com/article/vivendi-universal/tencent-led-consortium-agrees-to-buy-10-of-vivendis-umg-division-idUSFWN2940SS2020-01-01
Tencent did not immediately respond to a request for comment while Vivendi did not disclose the details of the consortium beyond saying they were global financial NeutralKONG A Tencentled consortium is taking a stake in Vivendis Universal Music Group valuing the music label that houses Lady Gaga and The Beatles at 30 billion euros and giving the Chinese firm a global backstage pass http://www.reuters.com/finance/article/us-vivendi-universal/tencent-gets-into-global-groove-with-stake-in-vivendis-universal-idUSKBN1YZ0HF2020-01-01
Vivendi added that the Tencentled consortium had the option to buy on the same price basis up to more of UMGs share capital by January 15 2021 PositivePARIS Dec 31 French media conglomerate Vivendi said on Tuesday that it had agreed to sell of its Universal Music Group division to a consortium led by Tencent in a deal that sees UMGs enterprise value at 30 billion euros http://www.reuters.com/news/mediahttps://www.reuters.com/article/vivendi-universal/tencent-led-consortium-agrees-to-buy-10-of-vivendis-umg-division-idUSFWN2940SS2020-01-01
The tieup between Tencent and Vivendi builds on a partnership struck two years ago allowing Tencent to license Universals music for distribution over its streaming platforms NeutralKONG A Tencentled consortium is taking a stake in Vivendis Universal Music Group valuing the music label that houses Lady Gaga and The Beatles at 30 billion euros and giving the Chinese firm a global backstage pass http://www.reuters.com/finance/article/us-vivendi-universal/tencent-gets-into-global-groove-with-stake-in-vivendis-universal-idUSKBN1YZ0HF2020-01-01
Vivendi said in July last year it might sell up to half of UMG and any cash raised from a divestment could help finance a share buyback or acquisitions PositiveKONG A Tencentled consortium is taking a stake in Vivendis Universal Music Group valuing the music label that houses Lady Gaga and The Beatles at 30 billion euros and giving the Chinese firm a global backstage pass http://www.reuters.com/finance/article/us-vivendi-universal/tencent-gets-into-global-groove-with-stake-in-vivendis-universal-idUSKBN1YZ0HF2020-01-01
In announcing the deal on Tuesday Vivendi said the other members of the group were global financial but it did not identify them by name PositiveIn announcing the deal on Tuesday Vivendi said the other members of the group were global financial but it did not identify them by name http://www.reuters.com/finance/dealshttps://www.reuters.com/article/us-vivendi-universal-gic/singapores-gic-part-of-consortium-investing-in-vivendis-universal-music-source-idUSKBN1YZ0Q92020-01-01















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