Warner Music CEO Questioned in Vivendi Insider Tading Probe: Report

Warner Music chief executive Edgar Bronfman Jr. was questioned by a Paris court last week as part of an inquiry into alleged insider trading at Vivendi Universal (now Vivendi) in 2002, French daily Les Echos reported, citing sources close to the matter.

Warner's Bronfman Jr., formerly a board director at Vivendi Universal, was questioned for more than ten hours last Thursday, regarding the sale of Vivendi shares at the start of 2002, the sources told the paper.

Not long after Bronfman Jr sold his shares, Vivendi launched a share buyback program which was expected to be followed by a sharp drop in the share price, Les Echos said.



  • The Marriner S. Eccles Federal Reserve building in Washington.

    CNBC's Fed Survey shows market pros aren't very confident the Fed can end its easy money polices without a market crash, a recession or bad inflation.

  • Merck employees walk past a Merck sign in front of the company's building in Summit, New Jersey.

    Merck reported better-than-expected results, with sales of newer drugs offsetting declining sales of drugs facing generic competition.

  • Pfizer reported higher-than-expected second-quarter earnings, helped by growing sales of its cancer medicines.

  • An attendee is silhouetted against a Microsoft poster at the Microsoft Developers Build Conference in San Francisco, April 2, 2014.

    An agency that enforces antimonopoly laws visited company offices in four cities, as the country more closely scrutinizes multinational companies.

Contact U.S. News


    Get the best of CNBC in your inbox

    › Learn More

Don't Miss

U.S. Video