About: http://data.cimple.eu/news-article/2119a821caeb8512ec090819f024b11f37f69424a42e714dfc34bdd4

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About: http://data.cimple.eu/news-article/2119a821caeb8512ec090819f024b11f37f69424a42e714dfc34bdd4 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	Investors flocked into the French media conglomerate Vivendi on Monday after it unveiled plans to spin off the lucrative Universal Music Group, a move long sought by analysts as well as its own top shareholders. Vivendi owns 80 percent of UMG, whose artists and catalogue range from the Beatles to Lady Gaga, after recently selling 20 percent to China's Tencent group. In December, Universal shocked many in the industry by announcing a deal to secure the rights to Bob Dylan's entire back catalogue of songs, reportedly for more than $300 million. On Saturday, the company said it would study the distribution of 60 percent of UMG to Vivendi shareholders in order to reduce what it called a "conglomerate discount." "Vivendi's leading institutional shareholders have been pressing for a number of years for a split or the distribution of Universal Music Group," it said. Vivendi said UMG, which would be listed on the Amsterdam stock market, could be worth at least 30 billion euros ($36.4 billion). The deal, set to be voted on at a shareholder meeting in March, sent Vivendi's stock rocketing 18 percent higher to 30.82 euros in Paris. The company's other assets range from movies and TV production to publishing and advertising. "In 2022, Vivendi should be refocused on all its other main units (mainly Groupe Canal+, Editis and Havas) alongside its minority holdings" including UMG as well as Lagardere, Prisa and Spotify," the Paris brokerage OddoBHF commented in a note. jra-jub/js/sjw/bmm
schema:headline	Vivendi shares soar on plan for Universal Music spin-off
schema:mentions	Social justice warrior Media conglomerate Bob Dylan Stock market Spotify Lady Gaga Paris China Conglomerate discount Editis PRISA Lagardère Group Vivendi Universal Music Group Havas Corporate spin-off Tencent Euronext Mark Roebuck
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-02-15 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	82 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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