Vivendi to Promote Additional 2.9% Stake in Common Music Group to Pershing Sq.

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By Giulia Petroni

Vivendi SE stated Tuesday that Pershing Sq. Holdings Ltd. has agreed to purchase a further 2.9% stake in Common Music Group for a value of $1.15 billion.

The French media group stated the acquisition value relies on an enterprise worth of $35 billion for UMG’s full share capital.

The closing of the deal is scheduled to happen by Sept. 9.

Following the transaction, Pershing Sq. Holdings will personal 10% of UMG’s capital, based on Vivendi.

Write to Giulia Petroni at giulia.petroni@wsj.com



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