FILE PHOTO: French media giant Vivendi's logo is pictured in Paris, France, August 12, 2020. REUTERS/Charles Platiau
PARIS (Reuters) - French media group Vivendi will seek investor support on Tuesday to spin off its prized Universal music business, a plan criticized by activist funds for benefiting top shareholder Vincent Bollore more than smaller investors.
The world's biggest music label, home to pop stars such as Lady Gaga and Taylor Swift, is valued at 33 billion euros ($39 billion) by Vivendi, or more than the group's own market value.
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