Universal Music receives takeover offer from Bill Ackman’s Pershing Square
Billionaire claims world’s biggest music company has suffered due to postponement of US listingBusiness live – latest updatesBillionaire Bill Ackman’s hedge fund has offered to buy Universal Music Group (UMG) in a deal that values the world’s biggest music company at more than €50bn (£44bn).Pershing Square, the New-York based hedge fund, has offered to buy the business, which is home to artists including Taylor Swift and Elton John, in a cash and stock deal. Continue reading...
Original Source
Read the full article at Theguardian →KhanList aggregates and links to publicly available news content. We do not host full articles from third-party sources. Always verify important information with original sources.