About: http://data.cimple.eu/news-article/1792bea7ea6e990877bcfe6e50c494d052bc08fe246107f050f9937c

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About: http://data.cimple.eu/news-article/1792bea7ea6e990877bcfe6e50c494d052bc08fe246107f050f9937c Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Shareholders in French media conglomerate Vivendi approved Tuesday plans to spin off its majority stake in Universal Music Group, a move long sought by analysts and its own top investors. First floated in February, the plan as voted would see Vivendi distribute a 60 percent stake in UMG, worth 19.8 billion euros ($23.6 billion), to its shareholders. The plan will also see the shares in UMG, whose artists and catalogue range from the Beatles to Lady Gaga, listed on the Amsterdam stock exchange in September. Approval from Dutch authorities is still required for the plan to proceed. Vivendi will keep a 10 percent take in UMG. It has sold off a 20 percent stake to Chinese tech firm Tencent and 10 percent to US financier Bill Ackman. The French firm had long been under pressure by some shareholders to distribute the UMG shares to unlock their value. Shares in Vivendi were little changed on Tuesday, but are up by around 10 percent since the beginning of the year. jub/rl/lth
schema:headline	Vivendi shareholders okay spinoff of Universal stake
schema:mentions	Media conglomerate Dutch language French language Lady Gaga China Bill Ackman Vivendi Universal Music Group Tencent Euronext
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-06-22 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	56 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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