Universal Music Group News
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Google Inc. shares rose to a record after the company unveiled a subscription music-streaming service and overhauled its online maps, part of several product updates aimed at attracting more users and advertisers.
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Vivendi SA shares fell in Paris after first-quarter profit missed analysts’ estimates as a wireless price war started by Iliad SA entered its second year.
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Warner Music Group Corp., the third- largest music content company, lowered the rate on a $820 million loan to support its acquisition of Parlophone Label Group and is seeking to lower borrowing costs on an existing $492 million of debt.
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Vivendi SA Chairman Jean-Rene Fourtou pledged a full strategy review to convince investors the telecommunications-to-media company can see through asset sales to refocus its business a year after first saying he’d do so.
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Vivendi SA, the French company seeking to reorganize its telecommunications-to-media structure, is targeting a completion of the sale of its Maroc Telecom SA stake by October, according to people familiar with the matter.
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Warner Music Group Corp., the third-largest global music content company, is seeking $820 million in loans to support its acquisition of Parlophone Label Group and for general corporate purposes, according to a person with knowledge of the transaction.
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Vivendi SA, the French media and telecommunications group that has put its 53 percent stake in Maroc Telecom SA on the block, attracted bids from two Middle Eastern carriers by today’s deadline.
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DreamWorks Animation SKG Inc., producer of the box-office hit “The Croods,” plans to nominate Universal Music Group Chief Executive Officer Lucian Grainge and former Hulu LLC CEO Jason Kilar to its board.
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Vivendi SA’s Universal Music Group, the world’s biggest record company, agreed to sell the label of Black Sabbath, Iron Maiden and Megadeth to BMG Rights Management as part of disposals required by regulators.
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Prince and Vivendi SA settled a lawsuit filed by a Pennsylvania manufacturer in 2008 accusing the singer and Universal Music Group of breaking a contract over the marketing of two perfumes, a lawyer for the plaintiffs said.
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