Net News search results for: vivendi ad
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September 22, 2021
Vivendi's Universal Music Group IPO Is A Success
VIVENDI's stock play on UNIVERSAL MUSIC GROUP paid immediate dividends. By noon yesterday on the AMSTERDAM exchange, UMG stock settled in at about 35% above its IPO price, with shares selling at $25, with the subsequent valuation going from estimates … more »
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September 21, 2021
Universal Music Group Shares Debut On Euronext Exchange, Jump Nearly 40% In Opening Day Trading
UNIVERSAL MUSIC GROUP's debut on the EURONEXT AMSTERDAM stock exchange TUESDAY (9/21) saw the company's shares leap nearly 40%, valuing the company at €47 billion ($55 billion), up from the valuation in AUGUST when WILLIAM ACKMAN's … more »
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August 31, 2021
Vivendi Completes Sale Of 10% Of UMG To Pershing Square Holdings
VIVENDI is selling an additional 2.9% of UMG to PERSHING SQUARE HOLDINGS. In JUNE, PERSHING SQUARE agreed to buy 10% of UMG. At that time, 7.1% went to PERSHING SQUARE. The additional 2.9% that completes the 10% of UMG was sold at $1.149 … more »
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August 10, 2021
Bill Ackman's Pershing Square Buys 7.1% Stake In Universal Music Group From Vivendi, Plans To Buy 2.9% More
Hedge fund investor BILL ACKMAN's PERSHING SQUARE HOLDINGS LTD., PERSHING SQUARE L.P., and PERSHING SQUARE INTERNATIONAL LTD. have purchased a 7.1% stake in UNIVERSAL MUSIC GROUP from VIVENDI S.E. for about $2.8 billion (128,555,017 shares at $21.78 … more »
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July 29, 2021
Universal Music Group Posts Almost $1 Billion In Profit In First Half Of 2021
VIVENDI has released fiscal results for UNIVERSAL MUSIC GROUP for Q2 – the quarter ending JUNE 2021. UNIVERSAL plans a SEPTEMBER spin-out listing of the company in AMSTERDAM. The Q2 2021 results represent the last full quarter in which VIVENDI will … more »
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July 19, 2021
Pershing Square SPAC Reportedly Exits Universal Music Deal
THE ASSOCIATED PRESS is among the outlets reporting that BILL ACKMAN is, "walking away from a deal announced last month that would have given him a 10% stake in UNIVERSAL MUSIC GROUP." In a letter to shareholders of PERSHING SQUARE - his … more »
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June 21, 2021
Vivendi Agrees To Sell 10% Of UMG To Pershing Square Tontine Holdings
VIVENDI has officially announced the signing of an agreement with PERSHING SQUARE TRIBUNE TONTINE HOLDINGS LTD (PSTH), led by WILLIAM ACKMAN, for the sale of 10% of the share capital of UNIVERSAL MUSIC GROUP as previously revealed (NET NEWS 6/4). The … more »
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June 4, 2021
Report: Universal Music Group Finds Potential U.S. Investor In Pershing Square SPAC
THE WALL STREET JOURNAL is reporting that hedge fund manager BILL ACKMAN's PERSHING SQUARE CAPITAL MANAGEMENT is a major bidder for a 10% share of UMG based on a $40 billion valuation as the music company prepares to go public later this year. … more »
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February 15, 2021
Vivendi Is Set To Spin Off Universal Music Group With An IPO By The End Of 2021
VIVENDI, the FRENCH media conglomerate, is signaling that it has plans to spin off the world's largest music label, UNIVERSAL MUSIC GROUP (UMG), in an IPO by the end of 2021, valued at a price of at least $36.4 billion. It plans for the stock … more »
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January 30, 2021
Consortium Led By Tencent Music Entertainment Buys More Equity In Universal Music Group
TENCENT MUSIC ENTERTAINMENT GROUP, the Chinese online music entertainment platform, has led a consortium that has acquired an additional 10% equity stake in UNIVERSAL MUSIC GROUP from parent company VIVENDI. The consortium's equity ownership in UMG … more »









