French media group Vivendi
Vivendi has started to review the possibility of listing of UMG, its Chief Executive Arnaud de Puyfontaine said on April 19.
"The Vivendi Management Board will present, during the next Supervisory Board Meeting on the 17th May, the initial findings relative to the different hypotheses of how the Universal Music Group capital might evolve," Vivendi said in a statement on Tuesday.
UMG is the world`s biggest music label, with a portfolio of artists ranging from The Beatles to Taylor Swift, Drake and Rihanna.
The success of online streaming services has boosted UMG`s value, driving up the shares of Vivendi and fuelling speculation about a possible initial public offering (IPO).
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)