Will Pershing Square’s $64 Billion UMG Deal Wrap? Bill Ackman Confirms Plans to Pay Artists $868 Million from UMG’s Spotify Stake, Floats Restructuring Lucian Grainge’s ‘Complicated’ Contract
Entertainment – Music
Pershing Square’s proposed $64 billion Universal Music Group (UMG) takeover deal is officially out in the open – but will the gigantic transaction wrap? The multibillion-dollar question is now taking center stage and prompting discussions about what the “New UMG” would look like. We broke down that floated $64 billion deal in detail this morning. […] Continue reading this story from the source →
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