Ackman's Pershing Square Moves to Kick Off Universal Music U.S. Listing Plan
Universal Music Group plans to launch a U.S. offering of some shares owned by Bill Ackman's Pershing Square, as the hedge-fund billionaire pushes for the record label behind Taylor Swift to list in ...
Drake files lawsuit against UMG over Kendrick Lamar’s ‘Not Like Us’
After threatening legal action two months ago, Drake officially sued his record label, Universal Music Group, over Kendrick ...
Drake sues Universal Music for defamation related to Kendrick Lamar diss track
The leading hip-hop superstar beef has been cranked up another notch, with Drake suing Universal Music Group for defamation ...
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Pershing Square Completes 2.6% UMG Stock Distribution, Says the Major Label ‘Will Remain An Attractive Long-Term Investment’
Pershing Square has distributed about 47 million shares in Universal Music Group (UMG), leaving its own stake at ...
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Pershing Square distributes 47m shares of Universal Music to investors, delists from Amsterdam exchange
The news came the same day that Pershing Square Holdings, a closed-ended fund owned by PSCM, announced it had received ...
Universal’s Virgin Music Group to Acquire Downtown Music for $775 Million
In a long-rumored move, Virgin Music Group, the independent music division of Universal Music, will acquire Downtown Music Holdings for $775 million ...
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Universal Music Group Expands Partnership With Amazon Music
Universal Music Group NV, the world’s largest record label, expanded its global partnership with Amazon.com Inc.’s premium music service to boost fan engagement and fraud protection.
WIN, A2IM, Secretly Group & More Call on Regulators to Block Virgin Music’s Downtown Acquisition
Downtown deal has led more indie music groups to come out in opposition, arguing the acquisition "reduce competition" in the marketplace.