Vivendi Confirms Talks To Sell Stake In Universal Music Valuing Company At $42B

to hedge fund billionaire Bill Ackman’s Pershing Square Tontine Holdings in a deal that values the music company at €35 billion .

If the Pershing Square Tontine Holdings is completed, the Special Purpose Acquisition Company , will hold 10% of Universal Music Group, while Vivendi will also have a 10% holding. The remaining 20% of Universal Music Group is owned by Chinese tech giant Tencent.

I have an important private message for you May I contact you? Thank you

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين