The Music Business As We Knew It Is Over And The UMG Pershing Square Deal Proves It
Probably the biggest story to hit the music news yesterday was Pershing Square Capital Management’s proposal to acquire Universal Music Group (UMG). The proposed $64 billion deal has all the earmarks of a typical hedge fund investment, with lots of talk about valuations, stock prices, buybacks, and investor premiums. There’s not much mention about the […]
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