Fairness Rocks News Vivendi Suspends Its Sale of Universal Music Group — Possibly Due to the 2008 Fire Fallout


Fairness Rocks News Vivendi Suspends Its Sale of Universal Music Group — Possibly Due to the 2008 Fire Fallout

Home Industry News Vivendi Suspends Its Sale of Universal Music Group — Possibly Due to the 2008 Fire Fallout

Author: Paul Resnikoff

Date: June 19, 2019

Original Source: Digital Music News

Industry News

Vivendi Suspends Its Sale of Universal Music Group — Possibly Due to the 2008 Fire Fallout

The proposed sale of Universal Music Group has attracted interest from several potential buyers, including Alibaba, KKR & Co., SiriusXM/Pandora owner Liberty Media Corp., Apple, and Tencent.  Bidding has been enhanced by rising valuations of UMG, with one analyst pegging the mega-label’s worth at $50 billion.

Now, the process is being put on pause.

Read more: https://www.digitalmusicnews.com/2019/06/19/vivendi-suspends-universal-music-group-sale/