Vivendi’s music unit UMG worth more than $40 billion, CEO says

This article was originally published on reuters ent..

BARCELONA/LONDON (Reuters) – Vivendi’s Universal Music Group (UMG) could be worth more than $40 billion, Chief Executive Arnaud de Puyfontaine said on Friday, helping buoy shares in the French media group following third-quarter results where UMG was a highlight.

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