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    VIV   FR0000127771

VIVENDI SE

(VIV)
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Vivendi to Sell Further 2.9% Stake in Universal Music Group to Pershing Square

08/31/2021 | 02:41am EST

By Giulia Petroni

Vivendi SE said Tuesday that Pershing Square Holdings Ltd. has agreed to buy an additional 2.9% stake in Universal Music Group for a price of $1.15 billion.

The French media group said the purchase price is based on an enterprise value of $35 billion for UMG's full share capital.

The closing of the deal is scheduled to take place by Sept. 9.

Following the transaction, Pershing Square Holdings will own 10% of UMG's capital, according to Vivendi.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

08-31-21 0240ET

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL -1.51% 35368.47 Delayed Quote.-1.17%
PERSHING SQUARE HOLDINGS, LTD. -3.06% 38.05 Real-time Quote.-7.42%
UNIVERSAL MUSIC GROUP N.V. -3.20% 22.7 Real-time Quote.-8.39%
VIVENDI SE -1.37% 11.845 Real-time Quote.-0.38%
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Analyst Recommendations on VIVENDI SE
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Financials
Sales 2021 9 455 M 10 716 M 10 716 M
Net income 2021 429 M 486 M 486 M
Net cash 2021 876 M 993 M 993 M
P/E ratio 2021 26,3x
Yield 2021 2,90%
Capitalization 12 424 M 14 078 M 14 082 M
EV / Sales 2021 1,22x
EV / Sales 2022 1,17x
Nbr of Employees 42 800
Free-Float -
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Mean consensus BUY
Number of Analysts 17
Last Close Price 11,85 €
Average target price 13,76 €
Spread / Average Target 16,1%
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Managers and Directors
Arnaud Roy de Puyfontaine Chairman-Management Board & CEO
HervÚ Philippe Chief Financial Officer
Yannick BollorÚ Chairman-Supervisory Board
StÚphane Roussel Executive VP-Development & Organization
Caroline Le Masne de Chermont Senior VP-Legal Affairs, CSR & Compliance
Sector and Competitors
1st jan.Capi. (M$)
VIVENDI SE-0.38%14 078
WARNER MUSIC GROUP CORP.-6.74%20 720
BOLLORÉ SE-1.71%16 256
ENDEAVOR GROUP HOLDINGS, INC.-12.75%8 491
BEIJING ENLIGHT MEDIA CO., LTD.-10.66%5 388
SHANGHAI ORIENTAL PEARL GROUP CO., LTD.6.35%5 062