KKR, China's Tencent eyeing bids for Universal Music

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KKR, China's Tencent eyeing bids for Universal Music

Deal potentially worth up to €20bn.

US buyout fund KKR and China's Tencent Music Entertainment Group are exploring rival bids for up to half of Vivendi's iconic Universal Music division, a deal potentially worth up to €20 billion euros (US$23 billion), sources told Reuters. French tycoon Vincent Bollore, who controls Vivendi ...

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