KKR, Tencent said to mull bids for Universal Music

KKR, Tencent said to mull bids for Universal Music

REUTERS/Arnd Wiegmann

U.S. buyout fund KKR and China’s Tencent Music Entertainment Group are exploring rival bids for up to half of Vivendi’s iconic Universal Music division, a deal potentially worth up 20 billion euros ($22.73 billion), sources told Reuters.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter