Bill Ackman, American billionaire, seeks to acquire Universal Music Group
American billionaire and hedge fund manager Bill Ackman has launched an effort to acquire Universal Music Group (UMG), one of the world’s largest music ownership labels. There is a speculative acquisition cot of $64 billion. UMG stock jolted upward and seems to be holding. The takeover could be slowed or conceivably prevented by one family which owns a large share of UMG. Click for details and the chart. Continue Reading
