Pershing Square Proposes a €55 Billion Takeover of Universal Music Group
Bill Ackman’s hedge fund, Pershing Square, has launched a non-binding takeover bid valuing Universal Music Group at nearly €55 billion.
We saw this coming… UMG announced a share buyback program a few days ago, but the major label’s market capitalization remains at an all-time low. This situation opened the door to uncertain scenarios regarding the major label’s future. A hostile…
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