-

Vivendi in Discussions With Pershing Square Tontine Holdings, Ltd. to Sell 10% of UMG’s Share Capital

PARIS--(BUSINESS WIRE)--Regulatory News:

Vivendi (Paris:VIV) and Pershing Square Tontine Holdings, Ltd. (PSTH), represented by Chief Executive Officer Bill Ackman, have entered into discussions for Vivendi to sell 10% of the Universal Music Group (UMG BV) share capital to PSTH, prior to the distribution of 60% of the UMG shares and its listing.

This transaction would be based on an enterprise value of €35 billion for 100% of the UMG BV share capital, subject to the authorization given by Vivendi shareholders at the June 22, 2021 Shareholders’ Meeting, to distribute 60% of the UMG share capital and list the company.

In addition, the Pershing Square funds and their affiliates have indicated that they may acquire additional economic exposure to UMG by acquiring Vivendi securities and/or by acquiring UMG securities following the distribution of UMG shares by Vivendi.

About Vivendi

Since 2014, Vivendi has built a world-class media, content and communications group. The Group owns leading, strongly complementary assets in music (Universal Music Group), television and movies (Canal+ Group), communications (Havas Group), publishing (Editis), magazines (Prisma Media), video games (Gameloft), live entertainment and ticketing (Vivendi Village). It also owns a global digital content distribution platform (Dailymotion). Vivendi’s various businesses cohesively work together as an integrated industrial group to create greater value. Vivendi is committed to the environment and aims at being carbon neutral by 2025. In addition, the Group helps building more open, inclusive and responsible societies by supporting diverse and inventive creative works, promoting broader access to culture, education and to its businesses, and by increasing awareness of 21st-century challenges and opportunities. www.vivendi.com

Contacts

Vivendi

Vivendi

BOURSE:VIV
Release Versions
EnglishFrench

Contacts

Vivendi

More News From Vivendi

Vivendi Takes Note of the Paris Court of Appeal’s Decision

PARIS--(BUSINESS WIRE)--Regulatory News: Vivendi (Paris:VIV) takes note of the Paris Court of Appeal’s decision today which ruled that Mr. Vincent Bolloré and Bolloré SE do not exercise control over Vivendi SE within the meaning of Article L.233-3 of the French Commercial Code. As a reminder, on November 28, 2025, the Cour de cassation (French Supreme Court) partially overturned the ruling of the Paris Court of Appeal on April 22, 2025, holding that it had, through a misinterpretation, violated...

Vivendi Will Lodge an Appeal Before the Court of Justice Of the European Union

PARIS--(BUSINESS WIRE)--Regulatory News: On June 3, 2026, the General Court of the European Union found that the illegality of a request for information from the European Commission had not been established and consequently dismissed Vivendi’s (Paris:VIV) action. This ruling does not impose any sanctions on Vivendi and does not prejudge the outcome of the proceedings on the merits initiated in 2023 by the European Commission concerning the acquisition of control of the Lagardère Group. Vivendi...

Vivendi: the 2026 Annual General Shareholders’ Meeting Approves All Resolutions

PARIS--(BUSINESS WIRE)--Regulatory News: The Combined Annual General Meeting (AGM) of Vivendi (Paris:VIV) shareholders was held today at the Casino de Paris under the chairmanship of Yannick Bolloré, with a quorum of 69.58% of shareholders present or represented. The AGM approved by a large majority all 22 resolutions presented to the shareholders on an ordinary and extraordinary (requiring a two-thirds majority) basis. It notably approved the distribution of an ordinary cash dividend of €0.04...
Back to Newsroom