Business > Mergers

Bill Ackman's SPAC is close to a $40 billion deal with Universal Music

18 days ago   |   By NY Times

It would be the largest special purpose acquisition company transaction to date.
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Billionaire investor Bill Ackman's SPAC is close to striking a deal with Universal Music, report says

Billionaire investor Bill Ackman's SPAC is close to striking a deal with Universal Music, report says

18 days ago   |   By Business Insider

Summary List Placement Billionaire investor Bill Ackman's special-purpose acquisition company is close to agreeing a transaction with Universal Music Group that would value the music titan at $40 billion, The Wall Street Journal reported on Thursday, citing people familiar with the matter.
Ackman's Pershing Square Tontine Holdings might finalize the megadeal in a matter of weeks, although it could still fall through, sources told The Journal. PSTH shares fell as much as 8% in aftermarket trading after the news broke.
Universal Music, which represents artists including Taylor Swift and...
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Billionaire Bill Ackman In Talks To Take Universal Music Public At $40 Billion-Plus Valuation

18 days ago   |   By Forbes

Universal Music, the largest publisher of music in the world, may be listed on public stock markets through a massive deal with billionaire investor Bill Ackman's special purpose acquisition company, Pershing Square Tontine Holdings.
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