Vivendi in Talks to Dispose of Universal Music Assets, CFO Says

Vivendi SA is in talks with potential buyers of Universal Music Group assets destined to finance the purchase of EMI Group’s recorded music unit, Chief Financial Officer Philippe Capron said today.

Vivendi, which said in November it would look at selling 500 million euros ($666 million) worth of assets, plans to wrap up these divestments by the second half of 2012, Capron said after the Paris-based company’s annual earnings press conference.