universal music group umg

Pershing Square, Universal Music Group and on Ackman

Ackman’s Pershing Raises $1.4 Billion in UMG Stake Sale

A group of Universal Music Group NV shareholders affiliated with billionaire Bill Ackman’s hedge fund Pershing Square raised more than €1.3 billion ($1.4 billion) from the sale of about a 2.7% stake in the world’s largest music company.

Variety on MSN · 15h

Bill Ackman’s Pershing Square to Raise $1.4 Billion From Sale of 2.7% of Universal Music Group

Bill Ackman’s Pershing Square expects to raise $1.4 billion from the sale of a 2.7% stake in Universal Music Group.

Billboard · 15h

Pershing Square to Sell $1.5 Billion of Universal Music Group Shares

Pershing Square Holding will sell $1.5 billion worth of Universal Music Group shares on the Euronext Amsterdam exchange.

21m

Bill Ackman Sells Portion Of Universal Music Stake: 'One Of The Best Businesses We Have Ever Owned'

News of Ackman's sale in Universal Music Group shares comes shortly after he announced he was hoping to emulate investing legend Warren Buffett and create a modern-day Berkshire Hathaway holding ...

Universal Music Group Revenue Up 7% to $12.8 Billion in 2024

Universal Music Group's earnings show that 2024 revenue was up 7% on streaming subscriptions, merch and more, landing at ...

Music Business Worldwide2d

Universal spent $1bn+ on investments in 2024… and 5 other things we learned on UMG’s latest earnings call

Universal Music Group published its Q4 and FY 2024 results on Thursday (March 6), posting overall revenues in FY 2024 (across recorded music, publishing, and more) of EUR €11.83 ...

Universal Music Group N.V. Just Recorded A 33% EPS Beat: Here's What Analysts Are Forecasting Next

Investors in Universal Music Group N.V. had a good week, as its shares rose 3.4% to close at €27.61 following the release of its annual results. It looks like a credible result ...

9don MSN

Drake Wants to See Universal Music Group’s Emails About Kendrick Lamar’s Diss Track

The rapper, who settled with iHeartMedia, suspects that the major label made secret payments and offered reduced licensing ...

Universal Music Group: Not There Yet, But Heading In The Right Direction

Universal Music Group's Q4 earnings exceeded expectations. Read here for an update on UMGNF stock's growth challenges, and ...

The Source3d

Grammys Remove ‘A-minor’ Clip Amid Drake’s Ongoing UMG Lawsuit

In a surprising move, the Recording Academy decided to pull a clip from the 2025 Grammy Awards ceremony that showed the ...

Of Course, Kendrick Lamar’s Super Bowl Performance Came Up In Drake’s UMG Lawsuit

Drake’s legal team argued that any further delays to litigation will have a detrimental effect on his reputation.

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