Universal hits massive valuation of €46.3 billion

Universal Music Group's opening price on the Amsterdam Stock Exchange today was over a third bigger than the reference price that Vivendi confirmed previously of €18.50 ($21.7) which would have valued UMG at €33.5 billion (approx. $39bn), Music Business Worldwide. It means that as of this week, UMG has a €25.25 ($29.63) share price, which translates to a colossal valuation of €46.3 billion or $54.3 billion for the world’s biggest music rightsholder. UMG largely bids au revoir to former Paris-based parent Vivendi, which now owns just 10% of UMG, while a Tencent-led Consortium owns 20%. Pershing Square Holdings Ltd also owns 10%, and French businessman ex-Vivendi Chairman Vincent Bolloré’s ‘Bolloré Entities’ owns 18.0%.