You are here:
31 March 2020 / deal

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).



Important Dutch tax developments

There are a couple of important Dutch tax developments in the investment management area to take into consideration. read more

Different Country-by-Country Reporting requirements in a nutshell

Tax authorities are increasingly reviewing Country-by-Country (CbC) reports. MNEs can anticipate questions by preparing a "red flag analysis". read more
loyens en loeff successful restructuring.jpg

HEMA Group successfully restructured

The restructuring addresses the financial issues that HEMA Group faced and provides the stable platform required to implement the new business plan. read more