The Age · general
Trump backer offers $91.2 billion to buy Taylor Swift record label
4 hours ago
Bill Ackman’s Pershing Square offered $91.2 billion to acquire Universal Music Group, home to artists like Taylor Swift, in a bid submitted this week. The proposal would shift UMG’s stock listing from Amsterdam to New York and compensate shareholders €9.4 billion in cash. Universal's stock jumped 10 percent following news of the takeover attempt.
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Summary by Glance · Original reporting by The Age
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