The global music business could be on the brink of one of its most significant shake-ups in recent years.
Universal Music Group (UMG), the industry giant behind some of the world’s biggest artists, has received a staggering €55bn (£48bn) takeover proposal from billionaire investor Bill Ackman’s hedge fund, Pershing Square. Ackman, known for his high-conviction investment strategy, is attempting to acquire UMG through a mix of cash and stock. The deal would also see the company shift its stock market listing from Amsterdam to New York which Ackman believes could unlock greater value for shareholders.…
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