Vivendi in Talks with Tencent Over UMG Sale -Bloomberg

Date : 05/23/2019 @ 8:06AM
Source : Dow Jones News
Stock : Tencent Holding Ltd. (PC) (TCEHY)
Quote : 41.71  -0.34 (-0.81%) @ 8:15PM
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Vivendi in Talks with Tencent Over UMG Sale -Bloomberg

Tencent Holding Ltd. (PC) (USOTC:TCEHY)
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--Vivendi is holding talks with companies including China's Tencent Holdings over a minority investment in its Universal Music Group subsidiary, Bloomberg writes, citing unnamed sources.

--Other potential investors including private equity groups and sovereign wealth funds have signalled growing frustration with the sale over its slow pace and high price tag, Bloomberg writes, citing the sources.


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(END) Dow Jones Newswires

May 23, 2019 02:51 ET (06:51 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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