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.
Ackman’s Pershing to Raise $1.4 Billion in UMG Stake Sale
Harshit Brave
Blog - March 14, 2025
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