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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Vivendi (PK) | USOTC:VIVEF | OTCMarkets | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 10.93 | 10.70 | 12.00 | 0.00 | 13:18:01 |
From May 2021 to May 2024
By Giulia Petroni
Vivendi SE said Tuesday that Pershing Square Holdings Ltd. has agreed to buy an additional 2.9% stake in Universal Music Group for a price of $1.15 billion.
The French media group said the purchase price is based on an enterprise value of $35 billion for UMG's full share capital.
The closing of the deal is scheduled to take place by Sept. 9.
Following the transaction, Pershing Square Holdings will own 10% of UMG's capital, according to Vivendi.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
August 31, 2021 02:40 ET (06:40 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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