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Title: News: Report: Vivendi SA sold its Beats stake for $404 million Post by: HCK 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. ... Source: News: Report: Vivendi SA sold its Beats stake for $404 million (http://www.ilounge.com/index.php/news/comments/report-vivendi-sa-sold-its-beats-stake-for-404-million/) |