Vivendi Mulls Spinning Off Money Maker UMG by End of Year
- Plan comes after Tencent-led group completes stake purchase
- Board to consider distributing 60% of UMG to Vivendi holders
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Vivendi may spin off its profitable Universal Music Group by the end of the year in Amsterdam, a move some of the company’s investors have pushed for years in an effort to reduce the so-called conglomerate discount.