VIVHY News and Press, Vivendi ADR From 06/07/21

PSTH recently announced its intention to purchase a 10% stake in Universal Music Group. Shares sold off following the announcement, and are just trading at a 10% premium above NAV at ~$22. Investors are discounting UMG and giving no value to the optionality of being exposed to Ack...

Pershing Square's Bill Ackman has done an interesting deal for a share of a good asset. The transaction for Universal Music doesn't seem exciting. But within the complexity of the deal, there may be opportunity in the future. For further details see: Pershing Square Tont...

Pershing Square Tontine Holdings just announced a complex deal to buy 10% of UMG shares. After the deal, PSTH shares will still be outstanding. This is an initial review of what the value to shareholders and warrantholders could look like. In short, shareholders are probably O...

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WSJ reported today that Bill Ackman’s Pershing Square Tontine is nearing a ~$42B EV SPAC deal for Universal Music Group. Bollore has a ~22% ownership stake in Universal Music Group through its 27% ownership of Vivendi. Bollore is trading at a wide discount to its implied in...

Bill Ackman's Pershing Square Tontine Holdings (PSTH) has slipped 6.7% postmarket after reports that it's close to sealing the biggest deal for a special-purpose acquisition company ever - a transaction with Universal Music Group (VIVHY). That deal would value the music business around $40B, ...

Vivendi SE (VIVHY): Q1 Revenue of €3.9B (+0.8% Y/Y)Shares +1.92%.Press Release For further details see: Vivendi SE reports Q1 results

Vivendi (VIVHY +1.5%) is planning to spin off its Universal Music Group unit by the fall, and is asking shareholders to vote. Holders will weigh on June 22 on an exceptional distribution of Universal Music shares to be completed later in the year. That would satisfy the investors who have pre...

Ruane, Cunniff, & Goldfarb’s 13F portfolio value increased from $8.40B to $9.38B this quarter. The number of positions increased from 35 to 38. They added Netflix and increased Credit Acceptance Corp while reducing Wayfair during the quarter. The top three positions are...

Vivendi (VIVHY) plans to spin out Universal Music Group and distribute 60% of UMG's share capital to Vivendi shareholders. UMG is home to artists such as Lady Gaga and Billie Elish.The distribution will take the form of an special dividend and Vivendi will call a special shareholder meeting f...