Report: Universal Music Group Finds Potential U.S. Investor In Pershing Square SPAC
WALL STREET JOURNAL is reporting that hedge fund manager BILL ACKMAN's PERSHING SQUARE CAPITAL MANAGEMENT is a major bidder for a 10% share of UMG based on a $40 billion valuation as the music company prepares to go public later this year. The deal is not done yet, but it will be based on the $40 billion accounting firms PWC and EY revealed when it announced its Q1 results during the subsequent investors call.VIVENDI first announced its intention to sell an additional 10% stake in UMG ...
Source: allaccess.com