Subtitles section Play video Print subtitles really, really. Lady Gaga may not know it, but she was helping to move markets Monday. French media conglomerate Vivendi says it plans a stock listing for her label, Universal Music. It's also home to Taylor, Swift and other stars. The news sent Vivendi shares soaring by as much as 18%. French billionaire Van Samba Laura is one driving force behind the move. Vivendi's biggest shareholder wants to cash in on a revival in the music industry. Shares in his group ball, or A, also surged Monday, up close to 13% in early trades. Now the deal will see Universal Music holding company UMG apply for a share. Listing in Amsterdam, 60% off the company's capital will be distributed to investors. The moves are supported by Chinese tech giant 10 Cent. It owns 20% off UMG, having bought the stake in two moves that valued the group at over $36 billion.
B2 lady gaga listing label music french monday Vivendi shares surge on Lady Gaga label’s IPO plan 14 0 林宜悉 posted on 2021/02/15 More Share Save Report Video vocabulary