Vivendi [EPA:VIV] acquires a majority stake in Radionomy Group – one of the major global player in the digital radio industry.
Clipperton Finance, a leading European corporate finance firm focused on the Technology and Media industries, announced the closing of the sale of a 64% stake in Radionomy Group, a major global player in the digital radio industry, to the Vivendi Group, the integrated media and content group. The Vivendi Group has become Radionomy’s majority shareholder alongside its founder Alexandre Saboundjian, its employees and Union Square Ventures.