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Deals Rumor Mill: Universal Music, Careem, Nexi

By Adam Rhodes (February 28, 2019, 7:22 PM EST) -- Tencent Music Entertainment Group, which raised nearly $1.1 billion in a December public offering, and private equity giant KKR are eyeing as much as half of Universal Music, Reuters reported Wednesday. According to the report, the deal for part of the Vivendi division could be worth up to €20 billion ($22.7 billion). Citing a pair of anonymous sources, the outlet reported that Vivendi is controlled by Vincent Bollore, who is selecting banks to guide the deal....

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