Vivendi said a public stock offering for Universal Music Group—the label of Billie Eilish, Taylor Swift and Drake—is planned for 2023 at the latest
Vivendi SA teased an initial public offering of its Universal Music Group subsidiary, seeking to cash in on a resurgent music business.
The one-line disclosure was included in Vivendi’s quarterly earnings report Thursday, more than 18 months after the French media conglomerate said it would seek buyers for up to 50% of Universal.
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