Source: telegraaf.nl
Last week, Universal Music Group's (hereafter referred to as UMG) majority owner Vivendi (VIVEF, VIVHY) reported first quarter results and hold its annual shareholders meeting. Both came after investors welcomed the news that Tencent (TCEHY) finalized the acquisition of a 10% stake in the company's most valuable asset: UMG. The deal values UMG at $33 billion, while Vivendi's total market value is 'just' $25 billion based on Friday's close.
Tencent and its partners have until January 15 next year to decide to buy an additional 10% stake in