US Edition63 Billion Bill Ackman Offer to Get Your Hands on Taylor Swift
2 Articles
2 Articles
The financier wants Universal, which boasts leading artists such as Lady Gaga and Coldplay.Pershing Square Capital Management comes forward on Universal Music Group. Bill Ackman's fund has formalized a proposal that evaluates the world's largest record label over 63 billion dollars, with an explicit goal: to transfer the company's centre of gravity to the United States and correct what is considered a persistent underestimation.Read more
The billionaire investor Bill Ackman, through his Pershing Square fund, has launched a monumental buy-back offer of $64.3 billion on Universal Music Group. The goal? Move the music giant from the Amsterdam Stock Exchange to Wall Street, betting on a massive upgrading of Taylor Swift's label through a pure "financial engineering" manoeuvre.
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