Venture Capital

Billionaire investor Bill Ackman's SPAC is close to buying 10% of Universal Music, report says


Billionaire investor Bill Ackman’s special-purpose acquisition company (SPAC) is close to buying 10% of Universal Music Group in a deal valuing the music titan at $40 billion, the Financial Times reported on Thursday. Ackman’s Pershing Square Tontine Holdings could finalize the megadeal within days …

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