Plot Thickens on UMG’s Upcoming IPO: Is a US Listing Also In the Works?

Four days back, ahead of Universal Music Group’s late-September (or sooner) debut on the Euronext Amsterdam, Vivendi officially sold 10 percent of the Big Three record label to hedge-fund manager Bill Ackman’s Pershing Square Tontine Holdings SPAC. Now, Ackman has expressed interest in upping his stake in UMG – and possibly launching a U.S. listing […]
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