BBC News – World · world
Music giant Universal gets $64bn takeover offer
2 hours ago
Universal Music Group has received a $64.3 billion takeover offer from US investment firm Pershing Square. The offer is aimed at merging Universal and listing the new entity in America, with CEO Bill Ackman citing management's success in building a top-tier artist roster. UMG shares rose about 11% in early trading following the announcement.
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Summary by Glance · Original reporting by BBC News – World
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