Vivendi agrees Universal Music stake sale to Tencent consortium

(Telecompaper) Vivendi has agreed to sell 10 percent of its Universal Music Group (UMG) subsidiary to a consortium led by Chinese group Tencent, in a deal valuing the whole of UMG at EUR 30 billion… http://feedproxy.google.com/~r/TelecompaperFixed/~3/VKPHFw1dZHw/vivendi-agrees-universal-music-stake-sale-to-tencent-consortium–1321397