$64 Billion for Universal Music Group? Bill Ackman-led Pershing Square Dangles the Takeover Deal

Sorry, how much? Billionaire hedge-funder Bill Ackman and his Pershing Square have now proposed a $64 billion+ deal to acquire Universal Music Group (UMG), a takeover that would include a shift to the New York Stock Exchange. The offer, which values the world’s largest music label at €30.4 ($35.06) per share, represents a substantial 78% […]