Loyens & Loeff advised Vivendi on the sale of a 10% stake in Universal Music Group to a Tencent led consortium, at an enterprise value of €30 billion
Loyens & Loeff advised Vivendi on the sale of a 10% stake in Universal Music Group to a consortium led by Tencent, at an enterprise value of €30 billion.
Loyens & Loeff advised Vivendi on the sale of a 10% stake in Universal Music Group to a Tencent led consortium, at an enterprise value of €30 billion. The consortium has the option to acquire up to an additional 10% equity stake in Universal Music Group at the same enterprise value until January 15, 2021.
Universal Music Group is the world’s leading music company, owning and operating businesses engaged in music publishing, recorded music, merchandising and audiovisual content. Vivendi is a worldwide operating French conglomerate owning powerful and complementary assets throughout the media value chain, such as in music (Universal Music Group), movies and series (Canal+ Group), publishing (Editis) and mobile games (Gameloft). Tencent is the leading online music entertainment platform in China, operating the country's highly popular and innovative music apps QQ Music, Kugou Music, Kuwo Music and WeSing.
The Loyens & Loeff team consists of Wouter Kros, Michel van Agt, Antoinette van der Hauw, Stijn Werdmölder, Dries Fransen van de Putte, Gerco van Eck, Jeannette van Rees (Corporate / M&A), Marcel Buur, Gerjan van Eijk, Louis Lutz, Sandrine Lekkerkerker (Tax), Klaas Wiersma and Gina Hensen (Employment).
Klaas WiersmaPartner Attorney at law
Klaas Wiersma, attorney at law, is a member of the Employment & Benefits practice group. He has over 19 years’ all-round experience in employment law, with a particular focus on the employment aspects of, mostly international, M&A-deals, co-determination procedures, restructurings and collective dismissals, and cross-border employment.T: +31 20 578 59 60 E: firstname.lastname@example.org
Sandrine LekkerkerkerAssociate Tax lawyer
Sandrine Lekkerkerker, tax lawyer, is a member of the International Tax Services practice group in our Amsterdam office. She focuses on Dutch corporate tax and Tax M&A and is a member of the Tax M&A team.T: +31 20 578 58 75 M: +31 683 20 33 47 E: email@example.com