Jump to content

Softbank tried to buy Universal Music during fight for Sprint


Recommended Posts

But Vivendi turned down SoftBank's $8.5 Billion all cash offer.  



SoftBank, the Japanese telecoms group, proposed an $8.5bn bid for Universal Music, the world’s largest music group, about three months ago but was turned down, according to several people familiar with the proposal.


Vivendi, Universal’s French owner, has been under pressure to restructure its portfolio of telecoms and media assets but told SoftBank it was not interested because it saw the music company as central to its future strategy, these people said.

Vivendi and SoftBank declined to comment.

An $8.5bn offer, premised on the idea that music is some of the most heavily-consumed content on mobile devices, would value Universal at $2bn to $3bn above most analyst estimates.








Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Create New...