Ackman's Pershing Square Offers Over $63 Billion for Universal Music Group

The deal involves a merger of Universal with c. Bill Ackman's Pershing Square Capital announced that it has made an offer to purchase Universal Music Group. The music label, which has stars like Taylor Swift and Bad Bunny under contract, is valued at more than $63.48 billion. Merger and Move to Wall Street The transaction, which is expected to be completed by the end of the year, involves the merger of Universal with Pershing Square Sparc Holdings, a SEC-registered acquisition company. The newly formed company is expected to be based...