Vivendi Buys Majority Stake in Radionomy Group
December 17 2015 - 11:52AM
Dow Jones News
By Nick Kostov
PARIS--Vivendi SA (VIV.FR) Thursday said it acquired a majority
stake in online radio platform Radionomy Group for an undisclosed
sum.
Radionomy is an internet platform that allows digital radios to
broadcast their programs in several countries.
Vivendi acquired a 64.4% stake. Other shareholders include the
company's founder Alexandre Saboundjian, its employees and Union
Square Ventures.
Write to Nick Kostov at nick.kostov@wsj.com
(END) Dow Jones Newswires
December 17, 2015 12:37 ET (17:37 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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