-

Vivendi sells 7.1% of UMG’s share capital to Pershing Square Holdings, managed by William Ackman, with the possibility to sell him a further 2.9% by September 9, 2021

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

Vivendi (Paris:VIV) as well as Pershing Square Holdings and affiliates entered into discussions on June 4, 2021, for the acquisition of 10% of Universal Music Group (UMG)’s share capital owned by Vivendi, before the distribution of 60% of UMG’s share capital to Vivendi’s shareholders and the listing of the company scheduled for September 21.

Vivendi sold today 7.1% of UMG’s share capital to Pershing Square Holdings and affiliates, which are managed by Mr. William Ackman, for a price of USD 2.8 billion based on an enterprise value of €35 billion for 100% of UMG’s share capital.

Mr. Ackman has the right to acquire, by September 9, 2021, up to an additional 2.9% of UMG’s share capital through funds which he manages or in which he holds the majority of economic interest, based on the same valuation.

Vivendi is very satisfied with the arrival at UMG of Mr. Ackman, a major American investor, providing once again evidence of the music company’s global success and attractiveness.

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: Procedures for Obtaining or Consulting Information on the Combined General Shareholders’ Meeting to Be Held on April 21, 2026

PARIS--(BUSINESS WIRE)--Regulatory News: The Vivendi (Paris:VIV) Combined General Shareholders' Meeting will be held on Tuesday, April 21, 2026, at 10:00 am, at Casino de Paris, 16 rue de Clichy, 75009 Paris-France. The preliminary notice of meeting (avis préalable de réunion) containing the agenda and the draft resolutions was published (in French) in today's Bulletin des Annonces Légales Obligatoires. The preliminary notice also explains the terms and conditions for participating in and votin...

Vivendi: 2025 Full-Year Results Show Improvement

PARIS--(BUSINESS WIRE)--Regulatory News: Yannick Bolloré, Chairman of Vivendi’s (Paris:VIV) Supervisory Board, and Arnaud de Puyfontaine, Chief Executive Officer, said: "2025 was a year of transition for Vivendi following the split of the Group in mid-December 2024. The efforts undertaken over several years to reposition Gameloft in a challenging video games sector proved particularly successful. We also sold our telecoms holdings in Italy and Spain to refocus on a portfolio of activities in co...

Vivendi: Revenues for the First Nine Months of 2025

PARIS--(BUSINESS WIRE)--Regulatory News: Vivendi (Paris:VIV): Yannick Bolloré, Chairman of Vivendi’s Supervisory Board, and Arnaud de Puyfontaine, Chief Executive Officer, said: “Vivendi is pleased with the good performance of its activities, recording 5.2% organic revenue growth for the first nine months of 2025. Gameloft pursued its strategic repositioning with its PC/console revenues now representing nearly 45% of its total revenues. We are also maintaining our momentum in reducing corporate...
Back to Newsroom