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Universal Music Group Planning IPO Within Next Three Years

Buried in Vivendi’s earnings report released today is the blockbuster news that its subsidiary Universal Music Group is planning an IPO within the next three years. Vivendi recently sold 10% of UMG to a consortium led by Tencent Holdings for $3.3  billion, a sum that values the company at a whopping $33 billion. “Vivendi is very happy with the arrival […]

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