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VIVHY Vivendi SE (PK)

10.408
-0.012 (-0.12%)
14 Aug 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Vivendi SE (PK) USOTC:VIVHY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.012 -0.12% 10.408 10.35 10.53 10.46 10.39 10.46 12,601 21:15:54

Universal Seeks $350 Million Asset Sale for EMI Deal OK

11/09/2012 3:20pm

Dow Jones News


Vivendi (PK) (USOTC:VIVHY)
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Vivendi S.A.'s (VIV.FR) Universal Music Group is looking to unload as much as $350 million of its assets in order to win European Commission approval of its purchase of rival EMI Group PLC, The New York Post reported Tuesday, citing people familiar with the situation.

The EU has set a Sept. 27 deadline to approve the deal. Expected to be put up for sale are global rights to Parlophone and Chrysalis as well as Europe-only rights to Mute, Ensign EMI Classics and Virgin Classics, the Post said. It said Universal has hired Goldman Sachs Group Inc. (GS) and Bank of America Corp. (BAC) as advisers and that Allen & Co. is no longer involved.

Full story at http://www.nypost.com/p/news/business/umg_hit_parade_6kBYCYUNucjp35XgLVD0WI

Write to nymonitoring@dowjones.com

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