BABA - Vivendi Plans To Sell 50% Of UMG: A Potentially Successful Tactical Move?
Universal Music Group is an American global music corporation that is a subsidiary of the French media conglomerate Vivendi (VIVEF, VIVHY). During the first half of 2018, UMG’s income from operations, which rose by 23.5% to €355 million ($415 million), accounted for nearly 60% of all of Vivendi’s 1H2018 income and 40.7% of total sales. However, Vivendi has not succeeded in achieving any visible synergies between UMG and Vivendi’s other companies, Canal Plus Group and video-sharing platform Dailymotion.
Source: Vivendi 1H2018 Report
Discussions about a potential sale began last August, when Goldman