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.
Ackman’s Pershing to Raise $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 is set to raise about €1.3 billion ($1.4 billion) from the sale of about a 2.7% stake in the world’s largest music company.
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 to Sell $1.5 Billion of Universal Music Group Shares
Pershing Square Holding will sell $1.5 billion worth of Universal Music Group shares on the Euronext Amsterdam exchange.
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 trims UMG stake, maintains it as largest position in portfolio
Investing.com -- Bill Ackman’s Pershing Square (LON: PSHP) Capital announced its decision to reduce its stake in Universal Music Group (AS: UMG ). Despite the sale, UMG continues to hold the largest position in Pershing Square’s portfolio.
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,
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 ...
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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.
Drake Wants to See Universal Music Group’s Emails About Kendrick Lamar’s Diss Track
The rapper, who settled with iHeartMedia, suspects that the major label made secret payments and offered reduced licensing ...
Drake Settles with iHeartMedia Amid ‘Not Like Us’ Payola Probe
Drake has reached a private deal with iHeartMedia while he probes allegations UMG engaged in a pay-to-play scheme with ...