Bill Ackman’s Pershing Square Officially Sells Its ‘Entire’ Universal Music Position — UMG Buys Back 14.2 Million Shares
Entertainment – Music
That didn’t take long: Bill Ackman’s Pershing Square has officially offloaded its Universal Music Group (UMG) stock, and the major label itself has purchased about 14.2 million of the shares. Universal Music disclosed the buyback this morning, moments after Pershing unveiled plans to divest its remaining UMG position following a failed takeover attempt. Although the […] Continue reading this story from the source →
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