WebSep 16, 2024 · The spin-off will be treated as a special cash distribution for VIVENDI SA, based on the close price of UNIVERSAL MUSIC GROUP NV prior to the effective date – … WebOct 20, 2024 · Oct 20 (Reuters) - French media company Vivendi (VIV.PA) on Thursday reported third quarter revenue growth of 0.6% at constant exchange rates and on a like-for-like basis, and confirmed it was...
Vivendi to Mull Spin-off of French Telecom Arm Amid Focus on …
WebSep 22, 2024 · Vivendi is spinning off Universal and set a reference price for the listing at €18.5 per share. The listing of the shares of UMG, a holding company currently being … WebFirst establish a couple of facts: Before Vivendi selling 10% of UMG stake to Pershing Square, Vivendi owns 80% of UMG. Therefore, after selling 10% of UMG to Pershing Square, Vivendi will be left with 70% of UMG. Upon UMG's IPO, Vivendi will distribute 60% (out of the 70%) to existing Vivendi shareholders at a ratio of 1 UMG shares per 1 ... asa batiments
Universal, the world’s biggest record label, heads for an IPO
WebJul 28, 2024 · After spinning off Universal Music Group, its biggest business, last year, Vivendi now earns most of its profit from its pay-TV business Canal Plus and advertising … WebJun 23, 2024 · The spin-off vote came after Vivendi sold 10% of UMG to Pershing Square Tontine Holdings Ltd (NYSE: PSTH). The latter is a SPAC owned by tycoon Bill Ackman. Announced Sunday, the $4 billion deal ... WebJul 19, 2024 · The French company planned to – and still plans to – spin out 60% of UMG onto the Amsterdam stock exchange in September (September 21, to be precise). In addition, Vivendi was to sell 10% of UMG in a $4 billion transaction to Bill Ackman’s US-based SPAC, Pershing Square Tontine Holdings (PSTH). bangkok rules