Bill Ackman’s Pershing Square to Raise $1.4 Billion From Sale of 2.7% of Universal Music Group
Bill Ackman’s Pershing Square expects to raise $1.4 billion from the sale of a 2.7% stake in Universal Music Group.
Ackman’s Pershing Raises $1.4 Billion in UMG Stake Sale
A group of Universal Music Group NV shareholders affiliated with billionaire Bill Ackman’s hedge fund Pershing Square raised more than €1.3 billion ($1.4 billion) from the sale of about a 2.7% stake in the world’s largest music company.
Bill Ackman Sells Portion Of Universal Music Stake: 'One Of The Best Businesses We Have Ever Owned'
News of Ackman's sale in Universal Music Group shares comes shortly after he announced he was hoping to emulate investing legend Warren Buffett and create a modern-day Berkshire Hathaway holding company with a proposal to acquire a 48% stake in Howard Hughes Holdings HHH.
Bill Ackman’s Pershing Square to raise $1.4bn from sale of 2.7% stake in UMG (report)
Bill Ackman’s Pershing Square is set to raise $1.4 billion from the sale of “about a 2.7% stake” in Universal Music Group. That’s according to Bloomberg, which reported this afternoon (March 13) that it has seen terms of a deal that show “Pershing Square Holdings Ltd.
Pershing Square Sells Roughly $1.5 Billion In UMG Shares Ahead of US Secondary Listing — But Ackman’s Still Very, Very Bullish
Bill Ackman’s Pershing Square has raked in roughly $1.5 billion in the sale of a 2.7% stake in Universal Music Group ahead of a US secondary listing. Ackman announced the sale on social media, while Bloomberg reported “an offering of about 50 million Universal Music shares at €26.
Iggy Azalea Claims That UMG ‘Criminals’ Owe Her Millions of Dollars
Iggy Azalea, real name Amethyst Amelia Kelly, claims that the company stiffed her on “millions of dollars in back pay,” and ...
Iggy Azalea Claims That UMG ‘Stole’ From Her: ‘Pay Me What’s Owed’
Iggy Azalea has claimed that Universal Music Group (UMG) owes her money in the "eight figure range" from unpaid royalties.
Drake Outlines His ‘Next Chapter’ To Supporters In A Cryptic New Post Amid Ongoing UMG Defamation Lawsuit
One final image that raised the eyebrow of Drake’s followers was a photo of OVO merch with the phrase “Free The Man Dem.” ...
UMG Is ‘In Conversations’ With Multiple Streamers on Super-Premium Tiers. That’s Good News for Everybody
UMG and music streaming services are discussing superfan plans. That's good news for the industry, including artists, DSPs ...
Rolling Out11d
Drake settles part of ongoing legal fight with UMG
Drake settles payola allegations against iHeartMedia over Kendrick Lamars track while pursuing defamation lawsuit against ...
Of Course, Kendrick Lamar’s Super Bowl Performance Came Up In Drake’s UMG Lawsuit
Drake’s legal team argued that any further delays to litigation will have a detrimental effect on his reputation.
Drake Settles with iHeartMedia Amid ‘Not Like Us’ Payola Probe
Drake has reached a private deal with iHeartMedia while he probes allegations UMG engaged in a pay-to-play scheme with ...
Universal Music CEO Touts Streaming 2.0 Deals With Spotify, Amazon: “Where They Go, We Go With Them”
Lucian Grainge and other UMG execs discussed with analysts where future revenue growth would come from as the music giant releases fourth quarter results.
Ulta Beauty, UMG, Chipotle: Trending tickers
Ulta Beauty (ULTA) shares gain after delivering a fourth quarter earning beat. Shares of Universal Music Group (UMG.AS) are ...