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PARIS: France's business elite closed ranks around publishing group Lagardere on Monday with LVMH's Bernard Arnault and Vivendi's Vincent Bollore swooping in to bolster its defences against London-based hedge fund Amber Capital.
PARIS/HONG KONG, Dec 31 (Reuters): A Tencent-led consortium is taking a 10% stake in Vivendi's Universal Music Group, valuing the music label that houses Lady Gaga and The Beatles at 30 billion euros (US$34bil) and giving the Chinese firm a global backstage pass.
PARIS: Vivendi is in talks to sell a 10% stake in its prized and lucrative Universal Music Group (UMG) to Chinese tech group Tencent, the French media conglomerate said
Vivendi is in talks to sell up to 20% of Universal Music Group (UMG) to Tencent, valuing its prized asset at around €30bil, in an attempt to break into China's growing but tightly-controlled music market.
PARIS: French media conglomerate Vivendi posts higher first-quarter revenue, saying it is forging ahead with the planned sale of up to 50% of its UMG music arm.
JAKARTA: Vivendi SA, the French conglomerate backed by billionaire Vincent Bollore, is competing with Argyle Street Management to invest in the television operations of Indonesia’s largest media company PT Global Mediacom, sources said.
Volkswagen plans to start offering car sharing services using fully electric vehicles in German cities next year as part of efforts to serve consumers who don't want to buy their own vehicles.