Billionaire Vincent Bolloré Grabs 24 Percent of Vivendi as Universal Music’s IPO Looms

French billionaire Vincent Bolloré is now assuming a much bigger stake in Vivendi — just moments before an expected UMG public offering announcement. Looks like Vincent Bolloré wants to call the shots at Vivendi ahead of Universal Music Group’s anticipated IPO.  According to filings recently disclosed, Bolloré has been steadily ramping his control of the French […]

The post Billionaire Vincent Bolloré Grabs 24 Percent of Vivendi as Universal Music’s IPO Looms appeared first on Digital Music News.

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