TENCENT BUYS ANOTHER 10% OF UMG

Tencent Holdings has exercised its call option to acquire an additional 10% equity stake in Universal Music Group. The sale price will again be based on UMG's valuation at €30b.

The consortium of buyers comprises the same members as that for the initial 10% investment in UMG, including Tencent Music Entertainment Group and other financial co-investors. The transaction is expected to close in the first half of 2021, subject to regulatory approvals.

Tencent’s initial deal to acquire 10% of UMG from Vivendi closed in March.

The cash generated by these transactions may be used by Vivendi to reduce its financial debt and finance share buybacks and acquisitions.

TAGS: Tencent | Universal Music Group

UMG-TENCENT DEAL CLOSES; MORE SALES AHEAD?

VIVENDI-UMG-TENCENT: ANATOMY OF A DEAL

< PREVIOUS STORY

BACK TO RUMOR MILL

		HITS LIST SLIDES INTO SUMMER Fire up the grill. (5/24a) Check It Out Now TORTURED POETS IN PARIS: TAY STRUMS THE BASTILLE WITH NEW ACOUSTIC SET Another week, another iteration (5/24a) Check It Out Now SONG REVENUE: TRIAD They're in the money. (5/24a) Check It Out Now DOJ FILES ANTITRUST LAWSUIT AGAINST LIVE NATION A game of Monopoly on Capitol Hill (5/24a) Check It Out Now NEAR TRUTHS: HOWDY, PARTNER Redrawing the Mason-Dixon Line (5/24a) Check It Out Now
		THE NEW UMG Gosh, we hope there are more press releases. TIKTOK BANNED! Unless the Senate manages to make this whole thing go away, that is. THE NEW HUGE COUNTRY ACT No, not that one. TRUMP'S CAMPAIGN PLAYLIST Now 100% unlicensed!

rumor mail

Email

First Name

Last Name

Company

Country
CAPTCHA code

Captcha: (type the characters above)

By clicking submit you are agreeing
to Terms and Conditions

TENCENT BUYS ANOTHER 10% OF UMG

Modal