“We’ll continue to drive towards our strategic goals – full steam ahead. Writes Grainge: “I couldn’t be prouder: not only is this a validation of our strategy, our teams, and our unprecedented record of success, it’s a natural evolution in the storied history of our company that will enable our entrepreneurial and creative culture to continue to soar. Sir Lucian Grainge, Universal Music Group “I couldn’t be prouder: not only is this a validation of our strategy, our teams, and our unprecedented record of success, it’s a natural evolution in the storied history of our company that will enable our entrepreneurial and creative culture to continue to soar.” Sir Lucian Grainge, Chairman & CEO of Universal Music Group, informed his global employees of developments today via an internal memo, obtained by MBW. That acquisition gave Universal Music Group an enterprise valuation of €30 billion (currently worth around $36 billion).Ī note from Exane BNPP today estimates that the 60% share disposal to Vivendi shareholders would see a pre-trading Universal Music Group approximately owned 20% by the Tencent consortium, 20% by Vivendi, 16% directly by the Bolloré group (which owns around 27% of Vivendi) and 44% by other Vivendi shareholders. The transaction has received an initial favorable response from the Tencent-led consortium with whom the planned listing will be examined.”Ī consortium led by Tencent Holdings last month closed the acquisition of a second 10% chunk of UMG equity, taking its total holding to 20%. Vivendi adds: “The listing of the shares of UMG, a holding company currently being incorporated in the Netherlands, would be applied for on the regulated market of Euronext NV in Amsterdam, in a country which has been one of UMG’s historical homes. Vivendi confirms that its management board is now considering “a distribution of 60% of UMG’s share capital to Vivendi shareholders” via a “special dividend”. UMG parent Vivendi has confirmed it is examining a proposal to spin 60% of the music company out from the French company’s corporate ownership, and for UMG to start trading on the Euronext Amsterdam stock exchange by the end of 2021.Īrnaud de Puyfontaine and Yannick Bolloré (Vivendi’s CEO and the Chairman of its Supervisory Board, respectively), informed their colleagues of the news this morning (February 13).Ī new Vivendi investor release reveals further details, noting that following the recent sale of UMG equity to a Tencent-led consortium for a €30 billion enterprise value, Vivendi has seen “interests expressed by other investors at potentially higher prices” for stakes in Universal. Edison's ticker was used on the stock exchange for several years before being replaced, but it continued to be used until about 1960 for many other purposes, including the transmission of sports scores.Looks like Universal Music Group‘s stock is going public this year – in Amsterdam. Edison also devised a transmitter for his stock ticker that used a keyboard like that of a typewriter. Edison also designed an improved typewheel-shifting mechanism and a paper feed so that his ticker required much less battery power. With Edison's device the transmitting operator could bring all the printers on a line into unison by sending electrical impulses to turn the shaft of each machine until a peg sitting in a screw-thread on the typewheel hit a stop. One of the most effective and longest used devices was Edison's screw-thread unison. This led to the development of automatic mechanical means to solve the problem. Because the printers frequently fell behind the transmitter by one or more letters, exchange companies had to send employees to the offices where printers were running out of "unison" to reset them. His most significant improvement was a mechanism that enabled all of the tickers on a line to be synchronized so that they printed the same information. Edison's improved stock ticker included his key contributions to printing telegraphy. Edison developed his Universal Stock Printer in 1871 for Gold and Stock, which soon became a subsidiary of Western Union. The credit for that invention goes to Edward Calahan who devised the first stock ticker in 1867 for the Gold and Stock Telegraph Company in New York.
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