Universal Music Group Valued at $39B Ahead of Public Listing - NewsBreak
By Faria in Business
Updated 3 years ago
The major label will start trading in Amsterdam on Tuesday, with Vivendi, led by CEO Arnaud de Puyfontaine, retaining a 10% stake. With French media conglomerate Vivendi set to spin off Universal Music Group (UMG) on Tuesday and the music major's stock starting to trade on Amsterdam's Euronext stock exchange, its stock's reference price was set on Monday.
