Episode Details

Bill Ackmans Pershing Square proposes a massive merger with Universal Music Group, offering a seventy-eight percent premium on shares. The deal values UMG at sixty-four billion dollars, with Pershings SPARC entity merging to form a Nevada company on the New York Stock Exchange. The proposal comes after UMGs shares dropped and its US listing plan was paused. The deal is pending board, shareholder, and regulatory approval, with a potential close by year-end.

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