PARIS, Sept 20 — Universal Music Group, the world’s biggest label whose lineup features The Beatles, Billie Eilish and Taylor Swift, is set for a huge stock market debut tomorrow.
Vivendi is owned by French billionaire Vincent Bollore, who has positioned himself as a powerful right-wing media baron in recent years. But as it pivots towards other areas, Vivendi has already sold off a 20 per cent stake of Universal to Chinese tech firm Tencent and 10 per cent to US financier Bill Ackman.
It has secured agreement from its investors for a massive buyback of up to half its shares following the UMG flotation.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China wealth plans threaten European luxury stocks’ post-Covid boom | Malay MailLONDON, Sept 20 — China’s stuttering economic recovery and plans to redistribute wealth threaten to derail Europe’s booming luxury sector, leaving many investors apprehensive about buying the stocks even after their sharp August sell-off. Demand for high-end products in the world’s most...
Source: malaymail - 🏆 1. / 86 Read more »
Evergrande contagion fears hit Hong Kong stocks, with default expected | Malay MailHONG KONG, Sept 20 — Fears of a contagion from the potential collapse of battered Chinese real estate giant Evergrande sent property shares plunging in Hong Kong today, with the firm expected to default on upcoming interest payments this week. The firm, one of the country’s biggest developers,...
Source: malaymail - 🏆 1. / 86 Read more »
Volkswagen files offer for Europcar with French market regulator | Malay MailBERLIN, Sept 20 — A consortium led by Volkswagen today handed in a proposal for a takeover of Europcar Mobility Group to France’s market regulator AMF, Volkswagen said today, following through on an announcement in July that an offer was underway. Volkswagen, which has teamed up with asset... Mimpi Muhammad Qasim penuh dengan peringatan dan khabar gembira bagi seluruh umat Islam dan mereka menegaskan bahawa Pakistan harus memikul peranan kepemimpinan bagi seluruh dunia Islam. Saya yakin Muhammad Qasim adalah Imam Al-Mahdi yang dinanti-nantikan. Qasim ditunjukkan dalam mimpinya pada tahun 2015, bahawa umat Islam akan sangat terguncang dan akhirnya saling berselisih, jika mereka tidak mempercayai mimpi tersebut. Banyak mimpi Qasim kini berubah menjadi kenyataan. Begitu juga ramai Muslim memanggilnya sebagai Imam Al-Mahdi.
Source: malaymail - 🏆 1. / 86 Read more »