UMG EYEING EARLY 2022 FOR IPO

Universal Music Group plans to go public by early 2022. It's the most specific timetable Vivendi has announced for the move.

Parent company Vivendi made the announcement in Paris today in connection with the completion of the sale of 10% of UMG to a Tencent-led consortium. The Chinese company now has a 20% stake.

Vivendi is using the cash to reduce its financial debt and finance acquisitions. The deal will “notably enable UMG to further develop its activities in Asia.”

TAGS: Universal Music Group | Tencent | IPO

UMG IPO SET FOR '22

< PREVIOUS STORY

BACK TO RUMOR MILL

		AN OCEANIC HITS LIST Changes coming in waves (9/20a) Check It Out Now KYNCL ANNOUNCES ATLANTIC REORG Ertegun and Wexler's baby gets an extreme makeover. (9/20a) Check It Out Now SNL ROLLS OUT 50TH SEASON OPENING LINEUP They're all ready for prime time. (9/19a) Check It Out Now MARVIN SCHLACHTER, 1934-2024 Indie-label great walks on by. (9/20a) Check It Out Now HITS' FIRST LIVE ISSUE TAKES THE STAGE THIS FALL We're manning the merch table. (9/13a) Check It Out Now
		THE GRAMMY SHORT LIST Who's already a lock? COUNTRY'S NEWEST DISRUPTOR Three chords and some truth you may not be ready for. AI IS ALREADY EATING YOUR LUNCH The kids can tell the difference... for now. ALL THE WAY LIVE The players, the tours, the enormous beers.

rumor mail

Email

First Name

Last Name

Company

Country
CAPTCHA code

Captcha: (type the characters above)

By clicking submit you are agreeing
to Terms and Conditions

UMG EYEING EARLY 2022 FOR IPO

Modal