With the Chinese social media and gaming giant Tencent now officially on board, other potential investors may look at Universal Music.
A consortium led by China’s Tencent Holdings Ltd. agreed to buy 10% of Universal Music Group from French media company Vivendi SA for $3.4 billion after months of talks.
With the Chinese social media and gaming giant now officially on board, other potential investors may look at Universal Music. That would energize a sale process that seemed to be dragging along since Vivendi first announced plans to sell as much as half the business in July 2018.
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