How Much Is That Major Label Conglomerate In the Window? Bill Ackman-led Pershing Square Dangles $64 Billion Takeover Bid for Universal Music Group
Entertainment – Music
Sorry, how much? Billionaire hedge-funder Bill Ackman and his Pershing Square have now proposed a $64 billion+ deal to acquire Universal Music Group (UMG), a takeover that would include a shift to the New York Stock Exchange. The offer, which values the world’s largest music label at €30.4 ($35.06) per share, represents a substantial 78% […] Continue reading this story from the source →
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