WSJ – Streaming Services Are Music to Vivendi’s Ears

While a sale is not imminent, the Vivendi boss feels that the company’s shares are under-priced due to a too-low valuation of their music business.

May 22, 2017

‘A resurgent music industry, fueled by the rise of streaming services, is tempting the parent company of Universal Music Group to cash in on the music company with an initial public offering.

In an interview, Vivendi SA Chief Executive Arnaud de Puyfontaine said the French media conglomerate could float a minority stake in the music company, departing from the company’s longstanding opposition to selling any part of the California-based music company.’

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