Tuesday, 12 November 2019

Vivendi working on €3bn Universal Music deal with Tencent

By Total Telecom staff
Tuesday 06 August 19

Deal with Tencent could open up new markets for music label, Vivendi still exploring other strategic partnerships

Vivendi is in talks that could see Chinese conglomerate Tencent acquire a 10% stake in Universal Music Group for €3 billion. The French media and telecoms company said it is holding preliminary talks with Tencent about a strategic investment in Universal Music…

Vivendi is in talks that could see Chinese conglomerate Tencent acquire a 10% stake in Universal Music Group for €3 billion. The French media and telecoms company said it is holding preliminary talks with Tencent about a strategic investment in Universal Music…

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