Bill Ackman's Long-awaited Spac Deal For 10% Of Universal Music Reportedly Faces Pushback | Markets Insider

by posted 1month ago 13 views
Pushback is coming from Artisan Partners, one of Universal Music Group's big shareholders, Bloomberg reported. : Bill Ackman's eagerly anticipated SPAC deal to buy 10% of Universal Music Group is reportedly facing pushback, Bloomberg reported. Ackman's Pershing Square Tontine Holdings is looking to acquire the stake from Vivendi, a French media conglomerate. Vivendi then plans to list UMG on the Euronext Amsterdam exchange in the third quarter of 2021. But Artisan Partners, a shareholder of Vivendi, is said to be against the sale, raising questions on what will happen ahead of the shareholders meeting on June 22.

In this article

No tags related to this article.