Bill Ackman, Universal Music Group and Hedge Fund Cuts Stake

Bill Ackman’s Pershing Square to Raise $1.4 Billion From Sale of 2.7% of Universal Music Group
Bill Ackman’s Pershing Square expects to raise $1.4 billion from the sale of a 2.7% stake in Universal Music Group, according to a report in Bloomberg. Ackman announced the sale on social media, but the numbers are from a Bloomberg source citing knowledge of the deal,
Bill Ackman Sells Portion Of Universal Music Stake: 'One Of The Best Businesses We Have Ever Owned'
News of Ackman's sale in Universal Music Group shares comes shortly after he announced he was hoping to emulate investing legend Warren Buffett and create a modern-day Berkshire Hathaway holding company with a proposal to acquire a 48% stake in Howard Hughes Holdings HHH.
Universal Music Stock Drops After Bill Ackman's Hedge Fund Cuts Stake
Universal Music stock fell after hedge-fund billionaire Bill Ackman said Pershing Square is cutting its stake in the world’s largest record label. Shares in the label behind Taylor Swift (NL:UMG) were down 8.
Universal Music Shares Fall After Ackman's Pershing Decides to Cut Stake
Shares in Universal Music Group fell after hedge fund manager Bill Ackman said his Pershing Square firm would reduce its stake in the world's largest music company. Shares traded 6.9% lower to 25.97 euros in early European trading, but have risen 5.1% in the year to date.
Pershing Square's Ackman confirms sale of some of its UMG shares
Pershing Square CEO Bill Ackman confirmed on Thursday his firm had sold some of its shares in Universal Music Group (UMG). "We decided to sell a portion of our UMG position today," he wrote on X. "UMG was our largest position going into the day at more than around 27% of our capital.
Ackman’s Pershing Seeks $1.5 Billion in Universal Stake Sale
A group of shareholders affiliated with billionaire Bill Ackman’s hedge fund Pershing Square are offering to sell about 2.7% of the outstanding shares in Universal Music Group NV.Most Read from Bloomb
Billionaire Bill Ackman Just Bought 30.3 Million Shares of This Soaring Growth Stock
Because of his long-term track record, retail investors closely follow the moves of Bill Ackman. The billionaire hedge fund manager runs Pershing Square Capital Management, which managed $12.6 billion ...
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Tim Cook and Bill Ackman love a new book about 5 kinds of wealth: ‘The earlier you read this, the better your life will be’
One might think that the likes of Bill Ackman and Tim Cook don’t need help managing their wealth. But the billionaires are raving about one personal finance book. Hedge fund mogul Ackman just ...
Uber Technologies Stock: Bull vs. Bear
Uber Technologies (NYSE: UBER) has left investors with a range of views. On the one hand, it has performed well in recent ...
Howard Hughes Holdings rejects Bill Ackman’s buyout offer
The board deemed Pershing Square Capital’s acquisition proposal “not acceptable in its current form,” and both sides signed a ...
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Billionaire Bill Ackman Just Went All In With a $2.3B Bet on This Stock
Bill Ackman, the legendary billionaire hedge fund manager over at Pershing Square Capital Holdings, has a new position, and it's caused quite the bullish crowd to come herding over. Undoubtedly ...