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[NEWS] Vivendi turns to Tencent to gain Universal foothold in China - Loganspace AI
PARIS/BEIJING (Reuters) - Vivendi (VIV.PA) is in talks to sell up to 20% of Universal Music Group (UMG) to Tencent (0700.HK), valuing its prized asset at around 30 billion euros ($34 billion), in an attempt to break into China’s growing but tightly-controlled music market. Lady Gaga arrives at the Metropolitan Museum of Art Costume Institute…
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