Bill Ackman's Pershing Square Offers €50bn for Universal Music Group
Billionaire Bill Ackman's Pershing Square has made a takeover offer for Universal Music Group, valuing the company at over €50 billion (£44 billion). The hedge fund claims UMG has suffered due to the postponement of its US listing and aims to acquire the music giant, home to artists like Taylor Swift and Elton John.
Read the full story at The Guardian AU→