--Tencent subsidiary Tencent Music Entertainment Group and U.S. investment firm KKR are considering competing bids for up to half of Vivendi's Universal Music Group, a deal that could be worth as much as EUR20 billion, Reuters reports, citing unnamed sources.

--French tycoon Vincent Bollore--who is Vivendi's main shareholder with a 25% stake--is in the process of selecting the banks that will oversee the deal, according to Reuters.

 

Full story: reut.rs/2Eh3Qip

 

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(END) Dow Jones Newswires

February 28, 2019 06:56 ET (11:56 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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