Story thread · 3 reports / 3 sources

Universal Music Buys Back Nearly $60 Million of Its Own Shares — Goldman Expects the Major’s Stock Price to Remain Flat, While J.P. Morgan Anticipates a 160% Spike

digitalmusicnews.com · 1dShare

Universal Music Group (UMG) has officially kicked off another share buyback program by repurchasing nearly $60 million worth of its own stock. UMG shed light on this latest multimillion-dollar transaction today, just weeks after confirming that it’d deployed €500 million (currently $577 million) for the same purpose since March. But thus far, the aggressive strategy […]

First report: Universal Music Group kicks off additional €250M share buyback program — musicbusinessworldwide.com, 1d