Vivendi to Sell Further 2.9% Stake in Universal Music Group to Pershing Square
31 August 2021 - 4:55PM
Dow Jones News
By Giulia Petroni
Vivendi SE said Tuesday that Pershing Square Holdings Ltd. has
agreed to buy an additional 2.9% stake in Universal Music Group for
a price of $1.15 billion.
The French media group said the purchase price is based on an
enterprise value of $35 billion for UMG's full share capital.
The closing of the deal is scheduled to take place by Sept.
9.
Following the transaction, Pershing Square Holdings will own 10%
of UMG's capital, according to Vivendi.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
August 31, 2021 02:40 ET (06:40 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
Pershing Square (EU:PSH)
Historical Stock Chart
From Oct 2024 to Nov 2024
Pershing Square (EU:PSH)
Historical Stock Chart
From Nov 2023 to Nov 2024
Real-Time news about Pershing Square Holdings Ltd (Euronext): 0 recent articles
More Pershing Square Holdings Ltd News Articles