Vivendi to Pay $1 Billion for Universal Stakes
From Bloomberg News
Vivendi Universal agreed to pay Matsushita Electric Industrial Co. $1.15 billion to gain full ownership of Universal Music Group and raise its stake in NBC Universal.
Vivendi will buy Matsushita’s 7.66% stake in a holding company that owns Universal Music and 20% of NBC Universal.
The biggest entertainment stories
Get our big stories about Hollywood, film, television, music, arts, culture and more right in your inbox as soon as they publish.
You may occasionally receive promotional content from the Los Angeles Times.
