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Vivendi
French media conglomerate that owned Universal Music Group for 23 years before the landmark 2021 Amsterdam IPO — retaining a minority stake post-spinoff.
PS ps-04Universal Music GroupWatch →
Vivendi's decision to spin UMG out via the 2021 Euronext Amsterdam IPO was the defining corporate event in modern music — unlocking $50B+ in value held privately within Vivendi's balance sheet since the 1998 Polygram acquisition.
