Pershing Square Ups Stake in UMG to 10% After Buying Additional 2.9%
A Pershing Square Holdings affiliate will acquire an additional 2.9% stake in the Universal Music Group from parent company Vivendi, according to a release by the hedge fund today (Aug. 31). The acquisition by PS VII Master LP — which is an “affiliated co-investment vehicle,” the release says — increases the amount of UMG that […]
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