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Author Topic: News: Report: Vivendi SA sold its Beats stake for $404 million  (Read 441 times)
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« on: August 01, 2014, 09:00:30 pm »

News: Report: Vivendi SA sold its Beats stake for $404 million

A new report from Bloomberg indicates that as part of Apple’s Beats acquisition, Paris-based Vivendi SA sold its approximately 13 percent stake in Beats Electronics to Apple for $404 million. Held by the company’s Universal Music Group, the stake’s value reportedly almost doubled in value from a September 2013 estimate of $214 million, according to an analyst at Kepler Cheuvreux in Paris.
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Source: News: Report: Vivendi SA sold its Beats stake for $404 million
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