Factbox: Universal to list as music streaming picks up
Vivendi (VIV.PA), the French media conglomerate, is spinning off Universal Music Group, the largest part of its business and the label behind singers such as Taylor Swift, in a listing on the Euronext stock exchange in Amsterdam.
Tencent Music takes copyright rules in stride, earnings beat estimates
Tencent Music Entertainment Group (TME.N) said on Monday China’s copyright rules were unlikely to have a big impact on its online subscriptions, and its chief executive believes regulators want to promote healthy development of the music industry.
Bill Ackman rejigs Universal deal after regulators probe SPAC plan
Billionaire investor Bill Ackman will buy up to 10% of Vivendi’s (VIV.PA) Universal Music Group through his main hedge fund, rather than a special purpose acquisition company, after investors and regulators questioned his use of a SPAC.
Ackman sees path to possible U.S. listing for Universal, working on next deal
William Ackman, whose blank check acquisition company struck a deal to buy 10% of Universal Music Group (UMG) last week, is exploring options to increase his stake in the music label and already pushing ahead with his next deal, he told investors on Wednesday.
Ackman’s SPAC signs deal to buy 10% of Vivendi’s Universal
Billionaire investor William Ackman’s Pershing Square Tontine Holdings (PSTH.N) signed a deal to buy 10% of Universal Music Group (UMG), Taylor Swift’s label, for about $4 billion, the companies said on Sunday.
Loeb’s U.S. hedge fund Third Point owns Vivendi stake -source
Billionaire hedge fund manager Daniel Loeb’s Third Point owns a substantial stake in Vivendi SE (VIV.PA) and is “evaluating” the French media giant’s plan to sell a stake in its Universal Music Group to rival billionaire investor William Ackman, a source familiar with the firm’s holdings said on Monday.
Artisan fund joins opposition to Universal Music spin-off
U.S. investment fund Artisan Partners on Thursday joined another minority shareholder in French media group Vivendi (VIV.PA) in opposing its spin-off of Universal Music Group (UMG), decrying the transaction as unfavourable to some investors.
