American billionaire hedge fund manager Bill Ackman said on Friday that he is seeking to remove Pershing Square Holdings from Euronext Amsterdam following the overnight attacks on Israeli soccer fans.Ackman, who owns 23% of Pershing Square with his family, cited a focus on consolidating trades...
Meta Platforms and Universal Music Group (UMG) announced on Monday that they expanded their partnership to "further evolve the creative and commercial opportunities for UMG artists and Universal Music Publishing Group (UMPG) songwriters" across Meta's platforms, including Facebook,...
Universal Music Group N.V. (UMG) and Spotify Technology S.A. agreed to further expand their partnership, the former announced on Thursday in a press release.
"Spotify will make available a series of new promotional and social features ... To start, UMG artists will have the ability to share teasers of...
YouTube announced on Monday that it will start using generative artificial intelligence (AI) and work with partners from the music industry, including with Universal Music Group, to "to empower creativity in a way that enhances our joint pursuit of responsible innovation."
The video streaming platform...
Vivendi SE announced on Tuesday that Pershing Square Holdings Ltd. will acquire another 2.9% of the Universal Music Group B.V. (UMG) for $1.15 billion.
The latest acquisition will be finalized by September 9, with Pershing Square adding the 2.9% of UMG to a 7.1% stake it already owns.
UMG's...
An overwhelming majority of Vivendi SE shareholders approved on Tuesday the company's plans to distribute 60% of Universal Music Group (UMG) shares to owners of Vivendi stock.
A record 99.9% of Vivendi shareholders supported the transaction that could be carried out via a listing on...
Pershing Square Tontine Holdings, owned by billionaire Bill Ackman, expects to finalize the transaction to obtain a 10% stake in Universal Music Group for about $4 billion by June 22.
Speaking for CNBC on Friday, Ackman shared his excitement about the agreement confirming yesterday's media...
Special purpose acquisition company Pershing Square Tontine Holding (PSTH) is close to reaching a $40 billion deal with Universal Music Group B.V., media in the United States reported. If closed, it will be the largest SPAC transaction to date.
Universal Music's parent company Vivendi announced in...
Vivendi is planning to take 60% of Universal Music Group's (UMG) shares public by the end of 2021, the company announced on Saturday. The move would create the world's largest music company which would be valued at a minimum of €30 billion.
The French company noted that the decision...
Vivendi SA revealed on Friday that a consortium led by Tencent Holdings Limited had decided yesterday "to exercise its option to acquire an additional 10% of Universal Music Group based on an enterprise value of €30 billion for 100% of UMG's share capital."
The transaction will go through upon...
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