Vivendi Is Considering Selling Another 10% of Universal Music Group Before IPO

Vivendi, owner of the world's largest music company, Universal Music Group, told investors on Tuesday that it is considering selling an additional 10% stake in the company to an unnamed U.S. investor. Vivendi, which has already sold 20% of UMG to Chinese giant Tencent, is expected to sell off 60% of UMG in an IPO by the end of September.