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Vivendi's Universal Music Group Valued At $40 Billion, says CEO, As IPO Speculation Mounts
Universal Music Group (UMG) is valued at $40 billion or more, Arnaud de Puyfontaine the CEO of parent corporation Vivendi said on Friday, sending shares in the French media group higher. after a mixed Q3 report that highlighted growth at the music group. Asked about the value of its Universal Music Group division at the Morgan ...
Could Part Of Universal Music Be Up For Sale?
In a first-time valuation, Universal's parent company Vivendi recently dropped word that it's subsidiary had a price tag of $22 billion suggesting Vivendi either wants to sell part of it, or move the company public in an attempted cash grab. Guest post by Bobby Owsinski of Music 3.0 Universal Music’s parent company Vivendi recently put a ...
