Page 23 - William Ackman News Today

Hedge-fund billionaire William Ackman is nearing a record SPAC deal that would value Universal Music at roughly $40 billion, people familiar with the matter said.

PARIS (dpa-AFX) - Hedge-fund billionaire William Ackman's special-purpose acquisition company is nearing a deal with Vivendi-owned Universal Music Group that would value the music business at about

It would be the largest special purpose acquisition company transaction to date.

PARIS (dpa-AFX) - Hedge-fund billionaire William Ackman's special-purpose acquisition company, Pershing Square Tontine Holdings Ltd. (PSTH), confirmed Friday that it is in discussions with Vivendi

BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European stocks were flat to slightly lower in cautious trade on Friday, as investors awaited U.S. non-farm payrolls data for May due later in the day for further

UNIVERSAL MUSIC GROUP-M&A/PERSHING SQUARE-VIVENDI (URGENT):Ackman's Pershing Square unit confirms talks to buy 10% of Universal Music Group

The special-purpose acquisition company founded by billionaire investor William Ackman is reportedly nearing a $40 billion merger deal with Universal Music Group.

Provided by Dow Jones By Caitlin Ostroff and Akane Otani U.S. stocks opened higher Friday after the monthly employment report showed the labor market continued its recovery in May. The S&P 500 rose 0.5% after futures wavered between gains and losses earlier in the day, while the Dow Jones Industrial Average added 0.3%. The tech-heavy Nasdaq Composite Index advanced 0.7%. Stocks are on track to post muted losses for the week following a pullback in shares of ...

UNIVERSAL MUSIC GROUP-M&A/PERSHING SQUARE (UPDATE 1, PIX):UPDATE 1-Ackmans Pershing Square in talks to buy 10% of Universal Music

Many employers report having trouble finding applicants. Economists say the labor market may simply need time to get sorted out.