Bill Ackman’s Pershing Square is selling its remaining Universal Music Group stake, days after UMG rejected its $64B takeover bid

Entertainment

Bill Ackman’s Pershing Square Is Selling Its Remaining Universal Music Group Stake, Days After Umg Rejected Its $64B Takeover Bid

By Music Business Worldwide

Bill Ackman‘s Pershing Square is reportedly set to sell around 80.6 million shares in Universal Music Group. According to Bloomberg, the move would see Pershing Square exit its position in UMG via an overnight placing. The news comes days after Unive ...Read more

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