Universal Music Group will launch in IPO in 2022, the conglomerate’s parent company, Vivendi, announced on Tuesday.UMG becomes the second major music company to announce its intentions to go public this year, following Warner Music Group, which launched its IPO in June.
UMG sold a 10% stake to China’s Tencent Holdings earlier this year. The Chinese company has an option to buy an additional 10%, for the same valuation, until Jan.
15, 2021.“Following the success of this significant strategic transaction, Vivendi is pursuing its plan to sell additional minority interests in UMG with the assistance of several mandated banks.
Read more on thewrap.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.