Tag: Universal music group
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Bill Ackman Withdraws Plans to Acquire 10% of Universal Music Group
Hedge-fund billionaire investor Bill Ackman withdrew his plan to acquire a stake in Universal Music Group via his SPAC, expressing doubts the SEC would approve the deal.Ackman told shareholders in a letter on Monday that he did not think the SPAC “wou…
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Snap Strikes Multi-Year Deal With Universal Music Group
Snapchat users will now be able to use songs from Kanye West, Lady Gaga and Taylor Swift after Snap and Universal Music Group inked a deal that gives the social media network access to the music giant’s expansive catalog. The deal underscores the ongo…
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Bill Ackman’s SPAC Buys Into Universal Music Group
Hedge-fund billionaire investor Bill Ackman is getting a 10% share of one of the world’s largest music companies, valued at $40 billion, and performing some Wall Street-styled gymnastics to do it. Ackman launched the largest SPAC ever last summer with…
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Triller Strikes Deal with Universal Music Group
About three and a half months after Universal Music Group pulled its extensive catalog from Triller amid a licensing negotiation spat, the two sides have reached a new agreement, the companies announced Thursday. Triller users will now once again have…