Ackman’s Pershing Square Moves to Kick Off Universal Music U.S. Listing Plan
The record label behind Taylor Swift plans to launch a U.S. offering of some shares owned Bill Ackman’s Pershing Square, as ...
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Universal Music Group to list on US exchange; Pershing Square to sell $500m stock to make it happen
The deal requires Pershing to sell at least $500 million worth of its UMG holdings as part of the listing process.
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Universal put “corporate greed” before Drake’s safety, insists defamation lawsuit filed over Kendrick Lamar diss track
Drake has sued his own label, Universal Music, for defamation over the lyrics in Kendrick Lamar’s diss track ‘Not Like Us’, ...
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Universal Music Group Expands Partnership With Amazon Music
Universal Music Group NV, the world’s largest record label, expanded its global partnership with Amazon.com Inc.’s premium music service to boost fan engagement and fraud protection.
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Pershing Square distributes 47m shares of Universal Music to investors, delists from Amsterdam exchange
The news came the same day that Pershing Square Holdings, a closed-ended fund owned by PSCM, announced it had received ...
Universal’s Virgin Music Group to Acquire Downtown Music for $775 Million
In a long-rumored move, Virgin Music Group, the independent music division of Universal Music, will acquire Downtown Music Holdings for $775 million ...
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Pershing Square Capital Management, L.P. Announces Completion of PSVII Funds and the Distribution of 2.6% of Universal Music Group N.V. (“UMG”) Stock to Limited Partners
to hold shares of Universal Music Group N.V. (“UMG”) in connection with Pershing Square’s initial purchase of shares from Vivendi in September 2021. The PSVII funds have elected to ...