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Vivendi turns to Tencent to gain Universal foothold in China

Tuesday, August 06, 2019 - 01:50

Vivendi is in talks to sell up to 20% of Universal Music Group to Tencent, valuing its prized asset at around 30 billion euros ($34 billion), in an attempt to break into China's growing but tightly-controlled music market. Francis Maguire reports.

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Vivendi is in talks to sell up to 20% of Universal Music Group to Tencent, valuing its prized asset at around 30 billion euros ($34 billion), in an attempt to break into China's growing but tightly-controlled music market. Francis Maguire reports.

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Vivendi turns to Tencent to gain Universal foothold in China

Tuesday, August 06, 2019 - 01:50