Universal Music Group, the empire behind Taylor Swift, Sabrina Carpenter and Kendrick Lamar, has received a takeover approach estimated at $64.3 billion from Pershing Square, the investment vehicle led by Bill Ackman. The proposal envisions a merger that would see a new company listed in the United
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Pershing Square Offers $64B Bid to Take Universal Music Private
Pershing Square offers a $64B takeover of Universal Music Group, aiming to list a new company in the US and reshape the music industry.Universal Music Group, the empire behind Taylor Swift, Sabrina Carpenter and Kendrick Lamar, has received a takeover approach estimated at $64.3 billion from Pershing Square, the investment vehicle led by Bill Ackman. The proposal envisions a merger that would see a new company listed in the United ... Read full article.