"Bill Ackman's Pershing Square has submitted a $10.9 billion offer for Universal Music, which is home to artists like Taylor Swift and Bad Bunny."
"The bid consists of $9.4 billion in cash plus shares, valuing Universal Music at $63.5 billion."
"This acquisition attempt comes as Ackman prepares to take Pershing Square public, with an IPO filing on the New York Stock Exchange in March."
Bill Ackman's investment fund, Pershing Square, has made a $10.9 billion offer to acquire Universal Music, the largest music company globally. The offer includes a combination of cash and shares, valuing Universal at $63.5 billion. Universal represents major artists such as Taylor Swift, Bad Bunny, Harry Styles, and Kendrick Lamar. This bid coincides with Ackman's plans to take Pershing Square public, having filed for an IPO on the New York Stock Exchange in March.
Read at www.businessinsider.com
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