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Universal Music Group’s parent will try to sell up to 50% of the world’s biggest music company in an attempt to cash in on a resurgent recording industry.

Vivendi SA VIVHY 4.59% said it would look for one or more strategic buyers for the Universal stake. The French media conglomerate said it would hire banks soon to assist in the sales process it plans to kick off in the fall and aim to complete it within 18 months. Read more by clicking here: WSJ

 


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