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Communications Services Up Amid Deal Activity -- Communications Services Roundup 06/04/2021 | 05:34pm EDT Send by mail : Message : Communications services companies rose amid deal activity. French media conglomerate Vivendi and billionaire investor William Ackman's Pershing Square Tontine Holdings, special-purpose acquisition company, confirmed a report in The Wall Street Journal that the two parties are in talks. The SPAC would take a 10% stake in Universal Music Group, a major record label. Adam Aron, AMC Entertainment Holdings' chief executive, is embracing the popularity of his co...

Tech drives Wall Street higher as jobs report calms inflation fears Reuters | Jun 04, 2021 10:54 PM EDT A Wall St. street sign is seen near the New York Stock Exchange (NYSE) in New York City, U.S., (Photo : REUTERS/Brendan McDermid/File Photo) U.S. stocks climbed on Friday, led by technology shares, after a tepid U.S. monthly jobs report relieved investor concerns the Federal Reserve might rein in monetary stimulus soon. U.S. employers increased hiring in May and raised wages as they competed for workers. But the nonfarm payrolls increase of 559,000 jobs was below the 650,000 forecast of eco...

If billionaire investor William Ackman’s bid for a stake in Universal Music Group goes through, it would mark a high point in the resurgent interest in the music industry from Wall Street.

US stocks climbed on Friday, led by technology shares, after a tepid US monthly jobs report relieved investor concerns that the US Federal Reserve might soon rein in monetary stimulus. US employers last month increased hiring and raised wages as they competed for workers, but the nonfarm payrolls increase of 559,000 jobs was below the 650,000 forecast of economists polled by Reuters. Investors were concerned that a robust jobs report that pointed to rising inflation could prompt the Fed to pull back on stimulus put in place during the COVID-19 pandemic. “It keeps pressure off the Fed and wil...

Article content Billionaire investor William Ackman’s blank-check firm Pershing Square Tontine Holdings is nearing a deal with Universal Music Group that would value the company at nearly $40 billion, people familiar with the matter said. A deal of that size, if completed successfully, would mark the biggest-ever merger involving a so-called special purpose acquisition company (SPAC), similar in size to the $40-billion deal that ride-hailing giant Grab Holdings clinched in April. We apologize, but this video has failed to load. Try refreshing your browser, or Ackman's Pershing Square SPAC ...