Vivendi Turned Down $8.5 Billion Bid For Music Unit
July 18 2013 - 2:50PM
Dow Jones News
French conglomerate Vivendi SA (VIV.FR) about three months ago
turned down an $8.5 billion offer from SoftBank Corp. (9984.TO) for
its Universal Music division, the Financial Times reported
Thursday, citing several people familiar with the offer.
Vivendi told SoftBank that it viewed the music asset as core to
its future, the FT reported.
Vivendi and SoftBank declined comment to the FT.
Full story at: www.ft.com
Write to nymonitoring@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires