RUMOR MILL
Wednesday, July 24, 2019
REPORT: VIVENDI TAPPING BANKS FOR UMG SALE
Reuters is reporting that Vivendi will appoint investment banks on 7/25 to oversee the sale of 50% of UMG, citing "sources close to the matter."
That day will also see Vivendi issue its earnings report. Billionaire boss Vincent Bolloré (pictured) plans to wear his novelty tie with the Euro signs on it.
Valuation of UMG has enjoyed a wide range of estimates in the year since Vivendi embarked on this odyssey, from €17b ($19b) to €44b ($49b+). Vivendi shares were up 1.2% following the report; it has since leveled off but is up about half a point at $27.65.
Vivendi reps declined to comment for the Reuters story.
VMAs BEAMING BACK
TO THE BIG APPLE Getting back to where they once belonged (4/24a)
THE COUNT: ALL THE DESERT'S A STAGE
Jon Wayne is rolling over in his grave. (4/24a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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A CHORUS OF PRAISE: IVORS 2024 NOMSrumor mail
