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Vivendi Is Considering Selling 10% of Universal Music Group Before IPO

Tue May 18 , 2021
Vivendi, owner of the world’s largest music company, Universal Music Group, told investors on Tuesday that it is considering selling an additional 10% stake in the company to an unnamed U.S. investor. Vivendi, which has already sold 20% of UMG to Chinese giant Tencent, is expected to sell off 60% […]