China's Tencent talking to Vivendi about stake in Lady Gaga's label
August 06, 2019 at 15:31 PM EDT
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.
