“Vivendi’s leading institutional shareholders have been pressing for a quantity of yrs for a split or the distribution of Universal Songs Group,” it said.
A listing stock current market existence could give Universal more financial clout to compete with rivals Warner Songs and Sony Songs. It may possibly also slim the lower price that some investors imagine is used to Vivendi shares due to its keeping structure.
“The full transaction is aimed at liberating up the hidden worth of Vivendi, whose current market worth has been inferior to that of Universal’s by itself currently,” a supply near the subject said.
The firm’s other assets range from movies and Tv creation to publishing and advertising.
“In 2022, Vivendi must be refocused on all its other main models (primarily Groupe Canal+, Editis and Havas) along with its minority holdings including UMG as well as Lagardere, Prisa and Spotify,” said Paris brokerage OddoBHF.
In December, Universal stunned the field by shopping for the legal rights to Bob Dylan’s entire back catalogue in a offer reportedly really worth more than $300m (£216m).
About the Author
