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Vivendi turns to Tencent to gain Universal foothold in China

Vivendi turns to Tencent to gain Universal foothold in China

  • TV-G
  • 2019
  • 1mins
Vivendi is in talks to sell up to 20% of Universal Music Group to Tencent 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. Francis Maguire reports.