Chinese internet giant Tencent is negotiating to buy 10% of Universal Music, one of the world’s largest music labels, from Vivendi
ByChinese internet giant Tencent Holdings Ltd. is negotiating to buy 10% of Universal Music Group, one of the world’s largest music labels, from Vivendi SA—a deal that would value the stake at €3 billion .
Under the terms of the deal, Vivendi said Tuesday that Tencent would have a one-year option to acquire an additional 10% stake in the music business at the same terms.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Vivendi in Talks to Sell 10 Percent Stake in Universal Music Group to China's TencentThe French media giant is looking to sell up to 50 percent of the label that is home to Taylor Swift and Ariana Grande.
Lire la suite »
Tencent in Talks to Buy 10% of Universal Music GroupChinese digital giant Tencent has entered negotiations with French media group Vivendi to buy a 10% stake in Universal Music Group. Vivendi announced the talks Tuesday, saying that the negotiations…
Lire la suite »
Fox Corp. to Buy $265 Million Majority Stake in Credible LabsFox Corporation has entered into an agreement to buy a majority stake in the consumer finance marketplace Credible Labs Inc., the company announced Sunday. As part of the merger agreement, Fox Corp…
Lire la suite »
Fox Corp. to Buy Majority Stake in Credible Labs for $265 Million as Part of Digital StrategyFox Corp. will buy 67 percent of the company and commit up to $75 million of growth capital over the next two years.
Lire la suite »
Fox Corporation Enters Agreement To Acquire Majority Stake In Credible LabsFox Corporation has entered a definitive merger agreement to acquire a majority stake in Credible Labs Inc., a leading consumer finance marketplace in the country. Fox is looking to buy 67% of the …
Lire la suite »