Activist investor Bill Ackman’s Pershing Square Capital Management is offering to purchase Taylor Swift and Bad Bunny’s music label, Universal Music Group, in a cash-and-stock transaction valued at approximately $64 billion.
The proposed deal would involve Universal Music merging with Pershing Square SPARC Holdings, an acquisition company approved by the Securities and Exchange Commission in 2023. Plans would include the new company being based in Nevada and moving its stock listing from Amsterdam to the New York Stock Exchange.
“UMG’s stock price has languished due to a combination of issues that are unrelated to the performance of its music…
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