Bill Ackman’s Pershing launches bid for Universal Music
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Universal Music Group N.V. (EURONEXT: UMG) ("UMG" or "the Company") today confirmed that its Board of Directors received an unsolicited and non-binding proposal from Pershing Square Capital Management,
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$64 Billion Deal Proposed for Universal Music Group
Universal Music Group, which has its operational headquarters in Santa Monica, received a takeover proposal Tuesday valued at roughly $64 billion from billionaire investor Bill Ackman’s Pershing Square.
Virgin Music Group has signed a global distribution partnership with Suede Records, a new label launched by music curator Ari Elkins and A&R executive Joey McCarthy. VMG, the independent artist and label services division of Universal Music Group, will provide global distribution and marketing services for the label.