Ackman's Pershing Square unit confirms talks to buy 10% of Universal Music Group
UNIVERSAL MUSIC GROUP-M&A/PERSHING SQUARE-VIVENDI (URGENT):Ackman's Pershing Square unit confirms talks to buy 10% of Universal Music Group
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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 technology and consumer-discretionary companies that offset gains in other sectors. The technology-h...
UNIVERSAL MUSIC GROUP-M&A/PERSHING SQUARE (UPDATE 1, PIX):UPDATE 1-Ackman's 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.