A new investor is invited to the capital of Universal Music Group (UMG), world number one in music.
Indeed, the parent company of UMG, the Vivendi group, indicated that it entered into discussions on Friday with the American financier Bill Ackman, in order to sell an additional 10% share of its subsidiary Universal Music Group.
Between 2020 and 2021, Vivendi had already sold 20% of the capital to the Chinese conglomerate Tencent (QQ and Wechat, the largest online communities in the world) on the basis of a value of 30 billion euros.
Today, the operation with Bill Ackman values the entire Universal Music group at 35 billion euros, according to Vivendi's press release.
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Bill Ackman wants to include Universal Music Group in his SPAC project, Pershing Square Tontine Holdings (PSTH).
As of July 2020, PSTH had raised $ 4 billion.
On Wall Street, PSTH stock was down 10% at the opening as investors reacted negatively to news of the deal.
On the side of the Paris Bourse,
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