Tencent-Led Investor Group Acquires Minority Stake in Universal Music Group

Posted on 01/02/2020

An investor group led by Tencent Holdings Limited purchased a 10% stake in Vivdeni’s Universal Music Group. Other investors in the group include Singapore’s GIC Private Limited and the Qatar Investment Authority (QIA). Universal Music Group houses artists such as The Beatles and Lady Gaga. The transaction gives Universal Music Group an enterprise value of […]

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