騰訊正在洽談購買環球音樂集團的一成股份

  • 流覽次數:: 115
  • 分類: 產業區
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  • 作者: 音樂地圖
  • 騰訊正在洽談購買環球音樂集團的一成股份

      201908/2202:09

    ◎環球音樂集團UMG的母公司Vivendi證實,正在與中國媒體巨頭騰訊協商購買UMG一成的股份。騰訊提出以完全稀釋的方式對UMG進行300億歐元(340億美元)的初步股權估值,因此其10%的報價為30億歐元。如果最終交易確定,騰訊還將有一年的看漲期權以相同的價格和條款獲得額外10%的UMG股權。

    ◎該交易還需要對UMG進行調查確定;此外,Vivendi計劃繼續出售UMG的股權給其他潛在合作夥伴,Vivendi之前已任命投資銀行協助向一個或多個戰略合作夥伴出售高達50%的UMG股權。

    ◎UMG在2019上半年的營收達到創紀錄的25.96億歐元(29.3億美元),增長22.4%(按固定匯率計算為16.9%),如果再加上出版、商品等,UMG整體半年收入達32.6億歐元(36.8億美元),創下另一項歷史新高,同比增長24.0%,按固定匯率計算增長18.6%。

    詳細內文:

    Chinese media giant Tencent Holdings Limited is in discussions to buy 10% of Universal Music Group, UMG's parent Vivendi has confirmed today (August 6).

    Tencent has made an offer which puts a preliminary equity valuation of €30bn ($34bn) on UMG on a fully-diluted basis.

    Its offer for 10% is therefore worth €3bn. The €30bn valuation is worth a 33X multiple on UMG's EBITA (earnings before interest, taxes, and amortization) figure for 2018 (€902m).

    If the deal is finalized, Tencent would also have a one-year call option to acquire an additional 10% of UMG at the same price and terms.

    In a statement, Vivendi added: "Vivendi and Tencent are also concurrently considering areas of strategic commercial cooperation. In this context, Vivendi is keen to explore enhanced cooperation which could help UMG capture growth opportunities offered by the digitalization and the opening of new markets.

    "Together with Tencent, Vivendi hopes to improve the promotion of UMG's artists, with whom UMG has created the greatest catalogue of recordings and songs ever, as well as identify and promote new talents in new markets. Vivendi hopes that this new strategic partnership could create value for both Tencent and UMG."

    The transaction is subject to due diligence on UMG and finalization of legal documentation. In addition to these discussions, Vivendi also plans to continue the process for the sale of an additional minority stake in UMG to other potential partners.

    Vivendi last month announced that it had appointed investment banks to assist with the sale of up to 50% of UMG to one or more strategic partners.

    Universal Music Group's recorded music revenues hit a record €2.596bn ($2.93bn) in the first half of 2019, up 22.4% (or 16.9% at constant currency).

    Overall half-year revenues at UMG's wider company – including recorded music, plus publishing, merchandise and more – reached €3.26bn ($3.68bn). That was another all-time record, up 24.0% year-on-year, and 18.6% at constant currency

     

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