Ackman’s Pershing Raises $1.4 Billion in UMG Stake Sale
A group of Universal Music Group NV shareholders affiliated with billionaire Bill Ackman’s hedge fund Pershing Square raised more than €1.3 billion ($1.4 billion) from the sale of about a 2.7% stake in the world’s largest music company.
Bill Ackman’s Pershing Square to Raise $1.4 Billion From Sale of 2.7% of Universal Music Group
Bill Ackman’s Pershing Square expects to raise $1.4 billion from the sale of a 2.7% stake in Universal Music Group.
Bill Ackman’s Pershing Square to raise $1.4bn from sale of 2.7% stake in UMG (report)
Bill Ackman’s Pershing Square is set to raise $1.4 billion from the sale of “about a 2.7% stake” in Universal Music Group. That’s according to Bloomberg, which reported this afternoon (March 13) that it has seen terms of a deal that show “Pershing Square Holdings Ltd.
Pershing Square's Ackman confirms sale of some of its UMG shares
Pershing Square CEO Bill Ackman confirmed on Thursday his firm had sold some of its shares in Universal Music Group (UMG). "We decided to sell a portion of our UMG position today," he wrote on X. "UMG was our largest position going into the day at more than around 27% of our capital.
Pershing Square Sells Roughly $1.5 Billion In UMG Shares Ahead of US Secondary Listing — But Ackman’s Still Very, Very Bullish
Bill Ackman’s Pershing Square has raked in roughly $1.5 billion in the sale of a 2.7% stake in Universal Music Group ahead of a US secondary listing. Ackman announced the sale on social media, while Bloomberg reported “an offering of about 50 million Universal Music shares at €26.
Pershing Square announces launch of secondary offering of 50M UMG shares
Bill Ackman's Pershing Square (OTCPK:PSHZF) has announced the launch of a secondary offering of 50M ordinary shares in Universal Music Group N.V. (OTCPK:UMGNF), which translates to about 2.7% of UMG’s issued share capital,
Bill Ackman Sells Portion Of Universal Music Stake: 'One Of The Best Businesses We Have Ever Owned'
News of Ackman's sale in Universal Music Group shares comes shortly after he announced he was hoping to emulate investing ...
Ulta Beauty, UMG, Chipotle: Trending tickers
Ulta Beauty (ULTA) shares gain after delivering a fourth quarter earning beat. Shares of Universal Music Group (UMG.AS) are ...
Universal Music Stock Drops After Bill Ackman's Hedge Fund Cuts Stake
Universal Music stock fell after hedge-fund billionaire Bill Ackman said Pershing Square is cutting its stake in the world’s largest record label. Shares in the label behind Taylor Swift (NL:UMG) were ...
Drake Outlines His ‘Next Chapter’ To Supporters In A Cryptic New Post Amid Ongoing UMG Defamation Lawsuit
One final image that raised the eyebrow of Drake’s followers was a photo of OVO merch with the phrase “Free The Man Dem.” ...
UMG Is ‘In Conversations’ With Multiple Streamers on Super-Premium Tiers. That’s Good News for Everybody
UMG and music streaming services are discussing superfan plans. That's good news for the industry, including artists, DSPs ...
The Source3d
Grammys Remove ‘A-minor’ Clip Amid Drake’s Ongoing UMG Lawsuit
In a surprising move, the Recording Academy decided to pull a clip from the 2025 Grammy Awards ceremony that showed the ...
Of Course, Kendrick Lamar’s Super Bowl Performance Came Up In Drake’s UMG Lawsuit
Drake’s legal team argued that any further delays to litigation will have a detrimental effect on his reputation.
Universal Music CEO Touts Streaming 2.0 Deals With Spotify, Amazon: “Where They Go, We Go With Them”
Lucian Grainge and other UMG execs discussed with analysts where future revenue growth would come from as the music giant releases fourth quarter results.
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Pershing Square trims UMG stake, maintains it as largest position in portfolio
Investing.com -- Bill Ackman’s Pershing Square (NYSE: XYZ) Capital announced its decision to reduce its stake in Universal ...