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

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French media giant Vivendi has confirmed it is in talks to sell a 10% stake in Universal Music Group to hedge fund billionaire Bill Ackman’s Pershing Square Tontine Holdings in a deal that values t…

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.

 

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