Pershing Square bids $64 billion for Universal Music Group
Pershing Square offers $64 billion to buy Universal Music Group and move its listing to New York. The bid is a 78% premium over the music label's recent price.
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Bill Ackman’s Pershing Square has launched a non-binding $64 billion bid to acquire UNIVERSAL MUSIC GROUP NV through its specialized acquisition vehicle. The proposal, which carries a 78% premium over the company's previous closing price, seeks to transition the primary listing of the global music giant from Amsterdam to the United States.
