RUMOR MILL
Back to Rumor Mill >
Friday, January 29, 2021

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
 
SPRING BREAKOUTS: THESE HEATERS ARE STILL HOT
Who's Boomin who. (4/25a)
Check It Out Now
SONG REVENUE: “SWEET” SMELLS OF SUCCESS
Life after "Church" (4/25a)
Check It Out Now
THE COUNT: ALL THE DESERT'S A STAGE
Jon Wayne is rolling over in his grave. (4/25a)
Check It Out Now
THE ODDS ON TUCKER WETMORE
Who's gonna get him? (4/25a)
Check It Out Now
GONE COUNTRY: HOUSE LIPMAN INVESTS IN WESTERN WEAR
The full Monte (4/25a)
Check It Out Now
THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)

By clicking submit you are agreeing
to Terms and Conditions