NautaDutilh assists Tencent with the completion of its acquisition of a 10% stake in Universal Music Group
NautaDutilh assisted a consortium led by Tencent with the completion of its acquisition of a 10% stake in Universal Music Group, the world's largest music company, from Vivendi. The acquisition is structured via a Dutch holding company.
The consortium, led by Tencent and participated in by Tencent Music Entertainment and certain global financial investors, has acquired 10% of the share capital of UMG, based on an enterprise value of EUR 30 billion for 100% of UMG’s share capital. The consortium also has the option to acquire, on the same price basis, an additional amount of up to 10% of the share capital until January 15, 2021.
NautaDutilh advised Tencent alongside Davis Polk & Wardwell. The NautaDutilh team consisted of David Viëtor, Jinne van Belle and Tamara Gang (Finance), Sybren de Beurs, Lieke van der Velden and Alex Draaisma (Corporate M&A), Wijnand Bossenbroek, Esther Schreiber and Sanne Meester (Corporate Notarial).
Find the press release here.