Vivendi’s $40 billion music spinoff is Bolloré shuffle

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by Liam Proud via Reuters

The only surprising thing about Vincent Bolloré’s plan to spin off a chunk of Universal Music is that he didn’t think of it sooner. The French billionaire has contrived an ingenious way of unwinding a conglomerate discount at Vivendi, the media group he controls, while also retaining his grip on Taylor Swift’s music label. 

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