<div class="wpcnt">
			<div class="wpa">
				<span class="wpa-about">Advertisements</span>
				<div class="u top_amp">
							<amp-ad width="300" height="265"
		 type="pubmine"
		 data-siteid="111265417"
		 data-section="1">
		</amp-ad>
				</div>
			</div>
		</div><p>Chinese tech giant Tencent is in talks with French media company Vivendi to buy 10% of Universal Music Group, whose artists include Ariana Grande, Lady Gaga, U2 and the Rolling Stones.</p>
<p>Vivendi said it has started preliminary negotiations that value Universal Music at about €30bn.</p>
<p>Tencent would have a one-year option to buy an additional 10% stake, Vivendi added.</p>
<p>The Chinese and French companies are also considering “areas of strategic commercial cooperation”.</p>
<p>Vivendi said the deal would help it seize growth opportunities and better promote existing Universal artists, as well as new talents in emerging markets.</p>
<p>Tencent is the world’s largest gaming company and one of the world’s biggest social media businesses. The stock is up +$0.59 (1.39%)*.</p>
<p><em>* At the time of this article</em></p>
			<div style="padding-bottom:15px;" class="wordads-tag" data-slot-type="belowpost">
				<div id="atatags-dynamic-belowpost-68ed12324d40b">
					<script type="text/javascript">
						window.getAdSnippetCallback = function () {
							if ( false === ( window.isWatlV1 ?? false ) ) {
								// Use Aditude scripts.
								window.tudeMappings = window.tudeMappings || [];
								window.tudeMappings.push( {
									divId: 'atatags-dynamic-belowpost-68ed12324d40b',
									format: 'belowpost',
								} );
							}
						}

						if ( document.readyState === 'loading' ) {
							document.addEventListener( 'DOMContentLoaded', window.getAdSnippetCallback );
						} else {
							window.getAdSnippetCallback();
						}
					</script>
				</div>
			</div>
Discover more from London Glossy Post
Subscribe to get the latest posts sent to your email.