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2021-08-31

Pls like mine too

Pershing Square to buy extra 2.9% of Universal Music for $1.15 bln

PARIS, Aug 31 (Reuters) - American hedge fund manager Bill Ackman's Pershing Square is buying an add

Pershing Square to buy extra 2.9% of Universal Music for $1.15 bln

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPershing Square to buy extra 2.9% of Universal Music for $1.15 bln\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-31 16:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/1-pershing-square-buy-extra-081744730.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>PARIS, Aug 31 (Reuters) - American hedge fund manager Bill Ackman's Pershing Square is buying an additional 2.9% of Universal Music Group (UMG) from Vivendi for $1.149 billion, the French conglomerate...</p>\n\n<a href=\"https://finance.yahoo.com/news/1-pershing-square-buy-extra-081744730.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PSHZF":"Pershing Square Holdings Ltd.","00700":"腾讯控股","TCEHY":"腾讯控股ADR"},"source_url":"https://finance.yahoo.com/news/1-pershing-square-buy-extra-081744730.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144954756","content_text":"PARIS, Aug 31 (Reuters) - American hedge fund manager Bill Ackman's Pershing Square is buying an additional 2.9% of Universal Music Group (UMG) from Vivendi for $1.149 billion, the French conglomerate said on Tuesday.\nVivendi said the transaction was based on an enterprise value of 35 billion euros ($41.40 billion) for 100% of UMG's share capital.\nThe deal, to close by Sept. 9, means Pershing Square will own 10% of UMG's share capital after it bought a 7.1% stake from Vivendi in August, the French company added.\nThe transaction comes ahead of the distribution of 60% of UMG's share capital to Vivendi's shareholders and the listing of the company scheduled for September 21.\nUMG, which represents artists like Justin Bieber and Taylor Swift, is benefiting from a music industry rebound, underpinned by booming streaming revenues but also a recent surge in sales of vinyl records and CDs.\nIn January, Vivendi said a consortium led by Chinese media group Tencent had bought an additional 10% stake in UMG, pushing its holding up to 20%. 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