Bolloré hits right note to mute Vivendi doubters LiamWardProud
French media conglomerate Vivendi on Aug. 6 said it had started talks with Tencent Holdings to sell 10% stake of its label Universal Music Group.
The deal would give Universal a preliminary equity valuation of 30 billion euros, and China’s Tencent would have a one-year call option to buy a further 10% stake at the same price.
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