Activist investor Independent Franchise Partners takes 3% stake in Universal Music, filing shows
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Activist investor Independent Franchise Partners has acquired a 3.01% stake in Universal Music Group, making it the sixth largest shareholder. The investment firm also holds a 5.37% stake in Vivendi, which, along with the Bolloré family, controls over 30% of Universal Music. Additionally, Independent Franchise Partners has a 5.86% stake in Rightmove. Founded in 2009, the firm focuses on high-quality franchises with intangible assets that provide a competitive edge. Universal Music has not yet commented on the matter.
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