Page 47 - William Ackman News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Universal Music Group is in talks to sell a 10% stake in a deal that would value the record label at about $40 billion.

CAC 40 Edges Lower In Lackluster Trade BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - French stocks fell slightly in lackluster trade on Friday as strong U.S. economic data released overnight intensified expectations of the likelihood of U.S. Federal Reserve paring back its bond-buying program. While ADP private payrolls surged in May, U.S weekly jobless claims fell below 400,000 last week, indicating a strengthening of the labor market. Separate data from the Institute for Supply Management showed that U.S. service sector activity hit a record high in May. The U.S. nonfarm payrolls report due later in...

Drug giant AstraZeneca has poached the finance boss from its new subsidiary Alexion Pharmaceuticals to replace Marc Dunoyer.as it waits on the £28billion deal to go through.

A special purpose acquisition company led by billionaire investor William Ackman is in talks to pay roughly $4 billion for a 10% stake in California-based Universal Music Group BV from Paris-headquartered media conglomerate Vivendi SE, the companies said Friday.

Read more about Pershing Square SPAC nearing $40-bn deal with Universal Music Group: Report on Business Standard. A deal of that size, if completed successfully, would mark the biggest-ever merger involving a so-called special purpose acquisition company