Universal Music Group (UMG) has announced a significant corporate action, confirming the sale of half its equity stake in the. read more Universal to sell half of its Spotify stake, generating around $1.4bn ....
Closing of Downtown acquisition provides UMG with capabilities and infrastructure to deliver further growth in the fast-growing label and artist services sector ... UMG's share will initially be directed towards its buyback program ... UMG excl ... UMG Total.
UMG’s share will initially be directed towards its buyback program.” ... UMG says it will initiate a €500 million buyback following completion of a separate €500 million repurchase program that’s already underway.
The deal, unveiled on Tuesday, values UMG at €30.4 per share, representing a 78% premium to its closing price on April 2 ... UMG reported revenue of €12.5 billion for 2025, marking an 8.7% increase at constant currency rates.