Vivendi's 2025 annual report: it owned 9.91 percent of Universal Music Group, a minority stake, not a subsidiary.
Vivendi also owned as of December 31, 2025: • 9.91% of Universal Music Group, the world's leading music company;
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Vivendi's 2025 annual report: it owned 9.91 percent of Universal Music Group, a minority stake, not a subsidiary.