Pershing Square In Talks To Buy 10 Percent Of Universal Music

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Billionaire investor Bill Ackman confirmed Friday that his blank-check company Pershing Square Tontine Holdings is in talks to buy a 10-percent stake of Universal Music Group for about $4 billion. The transaction would value the Vivendi-owned Universal Music, which is the home to singers like Taylor Swift, Lady Gaga and Kanye West, at around $42.4...

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