Deals
The Paradox Behind Universal Music's $33 Billion Price Tag
- Parent company market price suggests other units have no value
- Investors put discount on assets controlled by Vincent Bollore
Vincent Bollore
Photographer: Marlene Awaad/BloombergThis article is for subscribers only.
French billionaire Vincent Bollore is valuing his Universal Music Group at 30 billion euros ($33 billion). Investors appear to disagree.
They’re ascribing approximately the same amount to Vivendi SA, of which Universal Music is only one part. Vivendi also houses one of the world’s biggest advertising groups, Havas, dominant French pay-TV company Canal+ Group, a video game maker and almost a quarter of Italy’s biggest telecommunications company.