FILE PHOTO: The logo of Universal Music Group is seen at a building in Zurich, Switzerland July 25, 2016. REUTERS/Arnd Wiegmann/File Photo - RC1EE289B960
Vivendi shares surged 7% as analysts welcomed the progress made on the sale of a stake in UMG and the valuation. Vivendi’s Chief Executive Officer Arnaud de Puyfontaine said last month that proceeds of the sale of up to 50% of UMG would be used for bolt-on acquisitions and “significant” share buybacks.
Source: Entertainment Trends (entertainmenttrends.net)
Oh the numbers
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