Tag: stock

Universal has sold a chunk of Spotify stock for around $467M. Artists will likely be paid over $100M of it.
Per MBW's calculations, UMG artists could be in line for approximately $131 million of the money. Source...

UMG spends $290m buying back stock from Bill Ackman’s Pershing Square, amid fund’s exit from music company
UMG repurchased 14,156,285 of its ordinary shares at €17.66 each after its board recently rejected a takeover proposal from Ackman and Pershing Square. Source...

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