Vivendi plans IPO of Universal by early 2023 at the latest

PARIS (Reuters) - French media conglomerate Vivendi said on Thursday it planned to list its most-prized asset, Universal Music Group, by early 2023 at the latest, following a year of record profit for the division. This represents a new milestone in a two-year process launched by Vivendi's top investor, Vincent Bollore, to make the most of the world's biggest music label, home to artists Taylor Swift, Drake and Lady Gaga.It is a also a change of heart for the Paris-based group, as it had said it..