Tag: stock

Bill Ackman, who called Universal Music ‘one of the best businesses we have ever owned’, steers clear of music in Pershing Square stock-buying splurge

admin — Fri, 14 Aug 2026 13:13:33 +0000

Bill Ackman‘s Pershing Square has disclosed six new stock investments in its first quarterly shareholder letter as a publicly listed company. None of the six is a music company. The new positions in Visa, Mastercard, Netflix, S&P Global, Intercontinental Exchange, and Alcon were disclosed in a letter published on Wednesday (August 12). Pershing Square Inc.

Universal has sold a chunk of Spotify stock for around $467M. Artists will likely be paid over $100M of it.

admin — Tue, 04 Aug 2026 20:39:09 +0000

Per MBW's calculations, UMG artists could be in line for approximately $131 million of the money.

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UMG spends $290m buying back stock from Bill Ackman’s Pershing Square, amid fund’s exit from music company

admin — Thu, 04 Jun 2026 09:24:23 +0000

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.

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