VIVHY Vivendi SE (PK)

Vivendi SA's (VIV.FR) Universal Music Group is selling three music-publishing catalogs for up to $200 million, the Financial Times reported Tuesday on its website, citing unnamed sources.

Universal's sale of its classical music, Christian gospel and German schlager publishing catalogs is being run by Bank of America Merrill Lynch, the report said.

The sale has attracted interest from about 12 bidders, including U.S. and European private equity companies, as well as BMG Rights Management, according to the report.

Universal declined comment, the report said.

Full Story: http://www.ft.com/intl/cms/s/0/76132d4a-7759-11e1-93cb-00144feab49a.html#axzz1qB5tq7QA