Vivendi is beginning to make acquisitions after selling telecom assets.
Vivendi posted a mixed first half of 2018 as revenue beat consensus expectations and EPS came in slightly below Street projections. Note that beginning in 2018, the firm switched to reporting only revenue results for the first and third quarters. While UMG remains the largest contributor to operating income (generating over 70% in 2017), the management board recommended that Vivendi sell up to 50% of the music unit to one or more strategic partners. The board ruled out an IPO of UMG due to the p...
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