Today in the city Red Level 21.09.2019

China's Tencent talking to Vivendi about stake in Lady Gaga's label

China's Tencent Holdings Ltd is in talks to buy up to 20% of Universal Music Group (UMG) from Vivendi SA , valuing the music label of Lady Gaga, Ariana Grande and the Beatles at around 30 billion euros ($34 billion), as both firms look to expand in a recovering global music market.

the source: http://feeds.reuters.com/~r/reuters/topNews/~3/DONLHl3sB2Y/chinas-tencent-talking-to-vivendi-about-stake-in-lady-gagas-label-idUSKCN1UW0HN

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