US EditionInside Bill Ackman's $64B offer for Taylor Swift's label Universal Music — and the huge role Michael Ovitz will play
5 Articles
5 Articles
Inside Bill Ackman's $64B offer for Taylor Swift's label Universal Music — and the huge role Michael Ovitz will play
Michael Ovitz will be chairman of the board of Universal Music Group if billionaire Bill Ackman's bid for the music giant goes through — marking a return to the entertainment business for the CAA co-founder, who has focused on Silicon Valley after leaving Hollywood years ago.
The c light North American investor Bill Ackman lan or a proposal that evaluates the largest cat logo of the world in almost 56 billion euros. From pop to reggaeton, passing through by folk and flamenco, the Universal controls more than 30% of all ind. But h who sees in Ackman's investment a way to act on the company - instead of reaching air or control.
Ackman Courts Bolloré in Universal Music Bid
US hedge fund manager Bill Ackman pursued Universal Music Group (UMG) with a direct approach to French billionaire Vincent Bolloré, the company’s largest shareholder. Ackman, whose Pershing Square Capital Management tabled a $64 billion bid, reportedly found Bolloré’s response “music to my ears,” with his camp “intrigued.” He declared, “Without Bolloré, we don’t have a transaction.” UMG, the world’s largest music company and home to artists like…
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LVZ - Leipziger VolkszeitungLady Gaga, Billie Eilish and Bad Bunny have often spoken out in public against US President Trump and his policies. They are all under contract at the Universal Music Group. Now a Trump supporter wants to buy the company. Who is Bill Ackman, who is the billionaire interested?
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