7.1 + 2.9 = 10%
FOR ACKMAN

Bill Ackman’s Pershing Square Holdings will acquire an additional 2.9% of UMG for $1.149 billion, Vivendi confirmed Tuesday, bringing the company’s stake to an even 10%. The purchase comes 16 days before UMG’s IPO.

The deal closes 19 days after investment firm PSH made its initial 7.1% purchase for $2.8b, based on UMG's valuation of €35b (roughly $41b). Ackman had until 9/9 to purchase the additional 2.9%.

Ackman had previously dropped his plan to acquire a chunk of UMG via his SPAC, Pershing Square Tontine Holdings.

A GRAMMY-FLAVORED HITS LIST
Extra-tangy (11/12a)
BEY LEADS ARRAY OF FEMALE STARS IN GRAMMY NOMINATIONS
Adding up the numbers (11/8a)
GRAMMY CHEW: RUMINATING ON THE BIG 4 NOMS
80% is a lot better than usual. (11/12a)
UMG STATEMENT ON ACKMAN'S TWEET: NO
A high-end face-off (11/11a)
AND THE 2025 GRAMMY NOMINEES ARE...
And away we go. (11/8a)
NOW WHAT?
We have no fucking idea.
COUNTRY'S NEWEST DISRUPTOR
Three chords and some truth you may not be ready for.
AI IS ALREADY EATING YOUR LUNCH
The kids can tell the difference... for now.
WHO'S BUYING THE DRINKS?
That's what we'd like to know.
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