Vivendi re­jects Soft­bank of­fer

Weekend Argus (Saturday Edition) - - BUSINESS -

PARIS: French me­dia and telecom­mu­ni­ca­tions group Vivendi has re­jected an $8.5 bil­lion of­fer by Ja­pan’s Soft­Bank for Univer­sal Mu­sic, the world’s largest mu­sic group, the Fi­nan­cial Times re­ported.

Vivendi told Soft­Bank it was not in­ter­ested as it saw the mu­sic com­pany as cen­tral to its fu­ture strat­egy, the fi­nan­cial daily re­ported on Thurs­day, cit­ing sources close to the mat­ter.

Nei­ther Vivendi nor Soft­bank were pre­pared to comment on the story.

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