Vivendi sells additional 2.9% stake of UMG to Pershing Square for $1.149 billion
PARIS, FRANCE: Vivendi completed the sale of an additional 2.9% of Universal Music Group B.V. (UMG) to Pershing Square and its affiliates, as announced on August 31, 2021. The price of this sale is $1.149 billion, corresponding to an enterprise…