Pershing Square to buy extra 2.9% of Universal Music for $1.15 bln

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Pershing Square to buy extra 2.9% of Universal Music for $1.15 bln

Reuters2021-08-31

PARIS, Aug 31 (Reuters) - American hedge fund manager Bill Ackman's Pershing Square is buying an additional 2.9% of Universal Music Group (UMG) from Vivendi for $1.149 billion, the French conglomerate...

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Chororo
·2021-08-31
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  2021-08-31
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COYGrrr
·2021-08-31
Please like
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- KKSV:
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YungShen
·2021-08-31
[微笑]
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LeeWan
·2021-08-31
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Judgers
·2021-08-31
Pls like
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ting90
·2021-08-31
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blen
·2021-08-31
Pls like mine too
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Tadalada
·2021-08-31
Pls liek
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Tencent has been expanding globally with stakes in Spotify and Warner Music Group .</p>\n<p>Besides UMG, Vivendi's media assets include pay TV firm Canal+, communications group Havas, video games firm Gameloft, video-sharing firm Dailymotion, plus other publishing and entertainment firms.</p>\n<p>The French conglomerate has said it plans to use the proceeds from the UMG deals to reduce its financial debt and to finance share buybacks and acquisitions.</p>\n<p>Billionaire Ackman had originally aimed to make the UMG investment through a special purpose acquisition company (SPAC), but is now buying in through his Pershing fund instead after the initial plan hit hurdles.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pershing Square to buy extra 2.9% of Universal Music for $1.15 bln</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPershing Square to buy extra 2.9% of Universal Music for $1.15 bln\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-31 16:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/1-pershing-square-buy-extra-081744730.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>PARIS, Aug 31 (Reuters) - American hedge fund manager Bill Ackman's Pershing Square is buying an additional 2.9% of Universal Music Group (UMG) from Vivendi for $1.149 billion, the French conglomerate...</p>\n\n<a href=\"https://finance.yahoo.com/news/1-pershing-square-buy-extra-081744730.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TCEHY":"腾讯控股ADR","PSHZF":"Pershing Square Holdings Ltd.","00700":"腾讯控股"},"source_url":"https://finance.yahoo.com/news/1-pershing-square-buy-extra-081744730.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144954756","content_text":"PARIS, Aug 31 (Reuters) - American hedge fund manager Bill Ackman's Pershing Square is buying an additional 2.9% of Universal Music Group (UMG) from Vivendi for $1.149 billion, the French conglomerate said on Tuesday.\nVivendi said the transaction was based on an enterprise value of 35 billion euros ($41.40 billion) for 100% of UMG's share capital.\nThe deal, to close by Sept. 9, means Pershing Square will own 10% of UMG's share capital after it bought a 7.1% stake from Vivendi in August, the French company added.\nThe transaction comes ahead of the distribution of 60% of UMG's share capital to Vivendi's shareholders and the listing of the company scheduled for September 21.\nUMG, which represents artists like Justin Bieber and Taylor Swift, is benefiting from a music industry rebound, underpinned by booming streaming revenues but also a recent surge in sales of vinyl records and CDs.\nIn January, Vivendi said a consortium led by Chinese media group Tencent had bought an additional 10% stake in UMG, pushing its holding up to 20%. Tencent has been expanding globally with stakes in Spotify and Warner Music Group .\nBesides UMG, Vivendi's media assets include pay TV firm Canal+, communications group Havas, video games firm Gameloft, video-sharing firm Dailymotion, plus other publishing and entertainment firms.\nThe French conglomerate has said it plans to use the proceeds from the UMG deals to reduce its financial debt and to finance share buybacks and acquisitions.\nBillionaire Ackman had originally aimed to make the UMG investment through a special purpose acquisition company (SPAC), but is now buying in through his Pershing fund instead after the initial plan hit hurdles.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5704682,"gmtCreate":1630400905382,"gmtModify":1663233165938,"authorId":3548890322785063,"author":{"id":3548890322785063,"idStr":"3548890322785063","authorId":3548890322785063,"name":"Chororo","avatar":"https://static.tigerbbs.com/0cbcbb673621a63bd8bb2f8219eded23","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":818694023,"type":1,"supId":0,"prevId":0,"content":"。","text":"。","html":"。"}],"langContent":"EN"},{"id":818601928,"gmtCreate":1630399938364,"gmtModify":1676530292092,"author":{"id":"3565591020581408","authorId":"3565591020581408","name":"COYGrrr","avatar":"https://static.tigerbbs.com/bf6dc0e39d6a47cc606e845745162119","vip":1,"hat":"https://static.tigerbbs.com/646756f1284a5a6480ed02cc4fa7d1d2","crmLevel":2,"crmLevelSwitch":1,"idStr":"3565591020581408","authorIdStr":"3565591020581408"},"htmlText":"Please like","listText":"Please like","text":"Please like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/818601928","repostId":1144954756,"repostType":4,"repost":{"id":"1144954756","kind":"news","pubTimestamp":1630398258,"share":"https://ttm.financial/m/news/1144954756?lang=&edition=fundamental","pubTime":"2021-08-31 16:24","market":"us","language":"en","title":"Pershing Square to buy extra 2.9% of Universal Music for $1.15 bln","url":"https://stock-news.laohu8.com/highlight/detail?id=1144954756","media":"Reuters","summary":"PARIS, Aug 31 (Reuters) - American hedge fund manager Bill Ackman's Pershing Square is buying an add","content":"<p>PARIS, Aug 31 (Reuters) - American hedge fund manager Bill Ackman's Pershing Square is buying an additional 2.9% of Universal Music Group (UMG) from Vivendi for $1.149 billion, the French conglomerate said on Tuesday.</p>\n<p>Vivendi said the transaction was based on an enterprise value of 35 billion euros ($41.40 billion) for 100% of UMG's share capital.</p>\n<p>The deal, to close by Sept. 9, means Pershing Square will own 10% of UMG's share capital after it bought a 7.1% stake from Vivendi in August, the French company added.</p>\n<p>The transaction comes ahead of the distribution of 60% of UMG's share capital to Vivendi's shareholders and the listing of the company scheduled for September 21.</p>\n<p>UMG, which represents artists like Justin Bieber and Taylor Swift, is benefiting from a music industry rebound, underpinned by booming streaming revenues but also a recent surge in sales of vinyl records and CDs.</p>\n<p>In January, Vivendi said a consortium led by Chinese media group Tencent had bought an additional 10% stake in UMG, pushing its holding up to 20%. Tencent has been expanding globally with stakes in Spotify and Warner Music Group .</p>\n<p>Besides UMG, Vivendi's media assets include pay TV firm Canal+, communications group Havas, video games firm Gameloft, video-sharing firm Dailymotion, plus other publishing and entertainment firms.</p>\n<p>The French conglomerate has said it plans to use the proceeds from the UMG deals to reduce its financial debt and to finance share buybacks and acquisitions.</p>\n<p>Billionaire Ackman had originally aimed to make the UMG investment through a special purpose acquisition company (SPAC), but is now buying in through his Pershing fund instead after the initial plan hit hurdles.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pershing Square to buy extra 2.9% of Universal Music for $1.15 bln</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPershing Square to buy extra 2.9% of Universal Music for $1.15 bln\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-31 16:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/1-pershing-square-buy-extra-081744730.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>PARIS, Aug 31 (Reuters) - American hedge fund manager Bill Ackman's Pershing Square is buying an additional 2.9% of Universal Music Group (UMG) from Vivendi for $1.149 billion, the French conglomerate...</p>\n\n<a href=\"https://finance.yahoo.com/news/1-pershing-square-buy-extra-081744730.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TCEHY":"腾讯控股ADR","PSHZF":"Pershing Square Holdings Ltd.","00700":"腾讯控股"},"source_url":"https://finance.yahoo.com/news/1-pershing-square-buy-extra-081744730.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144954756","content_text":"PARIS, Aug 31 (Reuters) - American hedge fund manager Bill Ackman's Pershing Square is buying an additional 2.9% of Universal Music Group (UMG) from Vivendi for $1.149 billion, the French conglomerate said on Tuesday.\nVivendi said the transaction was based on an enterprise value of 35 billion euros ($41.40 billion) for 100% of UMG's share capital.\nThe deal, to close by Sept. 9, means Pershing Square will own 10% of UMG's share capital after it bought a 7.1% stake from Vivendi in August, the French company added.\nThe transaction comes ahead of the distribution of 60% of UMG's share capital to Vivendi's shareholders and the listing of the company scheduled for September 21.\nUMG, which represents artists like Justin Bieber and Taylor Swift, is benefiting from a music industry rebound, underpinned by booming streaming revenues but also a recent surge in sales of vinyl records and CDs.\nIn January, Vivendi said a consortium led by Chinese media group Tencent had bought an additional 10% stake in UMG, pushing its holding up to 20%. Tencent has been expanding globally with stakes in Spotify and Warner Music Group .\nBesides UMG, Vivendi's media assets include pay TV firm Canal+, communications group Havas, video games firm Gameloft, video-sharing firm Dailymotion, plus other publishing and entertainment firms.\nThe French conglomerate has said it plans to use the proceeds from the UMG deals to reduce its financial debt and to finance share buybacks and acquisitions.\nBillionaire Ackman had originally aimed to make the UMG investment through a special purpose acquisition company (SPAC), but is now buying in through his Pershing fund instead after the initial plan hit hurdles.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5704640,"gmtCreate":1630400722333,"gmtModify":1663233165740,"authorId":3569530406935035,"author":{"id":3569530406935035,"idStr":"3569530406935035","authorId":3569530406935035,"name":"Jinkachu","avatar":"https://static.tigerbbs.com/a47cb60ff4f5df9c8eac85aa6198baa0","vip":1,"crmLevel":3,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":818601928,"type":1,"supId":0,"prevId":0,"content":"like and comment","text":"like and comment","html":"like and comment"},{"id":5704626,"gmtCreate":1630400643984,"gmtModify":1663233165129,"authorId":3577785816786397,"author":{"id":3577785816786397,"idStr":"3577785816786397","authorId":3577785816786397,"name":"KKSV","avatar":"https://static.tigerbbs.com/af79ae4e2c2eee7b0446d54673c5439e","vip":1,"currentWearingBadge":{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":818601928,"type":1,"supId":0,"prevId":0,"content":"Yeah","text":"Yeah","html":"Yeah"}],"langContent":"EN"},{"id":818871781,"gmtCreate":1630399266743,"gmtModify":1676530291859,"author":{"id":"3572077554323764","authorId":"3572077554323764","name":"YungShen","avatar":"https://static.tigerbbs.com/9ff298cca29db8d4cf45d888f766fdd6","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3572077554323764","authorIdStr":"3572077554323764"},"htmlText":"[微笑]&nbsp;","listText":"[微笑]&nbsp;","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/818871781","repostId":1144954756,"repostType":4,"repost":{"id":"1144954756","kind":"news","pubTimestamp":1630398258,"share":"https://ttm.financial/m/news/1144954756?lang=&edition=fundamental","pubTime":"2021-08-31 16:24","market":"us","language":"en","title":"Pershing Square to buy extra 2.9% of Universal Music for $1.15 bln","url":"https://stock-news.laohu8.com/highlight/detail?id=1144954756","media":"Reuters","summary":"PARIS, Aug 31 (Reuters) - American hedge fund manager Bill Ackman's Pershing Square is buying an add","content":"<p>PARIS, Aug 31 (Reuters) - American hedge fund manager Bill Ackman's Pershing Square is buying an additional 2.9% of Universal Music Group (UMG) from Vivendi for $1.149 billion, the French conglomerate said on Tuesday.</p>\n<p>Vivendi said the transaction was based on an enterprise value of 35 billion euros ($41.40 billion) for 100% of UMG's share capital.</p>\n<p>The deal, to close by Sept. 9, means Pershing Square will own 10% of UMG's share capital after it bought a 7.1% stake from Vivendi in August, the French company added.</p>\n<p>The transaction comes ahead of the distribution of 60% of UMG's share capital to Vivendi's shareholders and the listing of the company scheduled for September 21.</p>\n<p>UMG, which represents artists like Justin Bieber and Taylor Swift, is benefiting from a music industry rebound, underpinned by booming streaming revenues but also a recent surge in sales of vinyl records and CDs.</p>\n<p>In January, Vivendi said a consortium led by Chinese media group Tencent had bought an additional 10% stake in UMG, pushing its holding up to 20%. Tencent has been expanding globally with stakes in Spotify and Warner Music Group .</p>\n<p>Besides UMG, Vivendi's media assets include pay TV firm Canal+, communications group Havas, video games firm Gameloft, video-sharing firm Dailymotion, plus other publishing and entertainment firms.</p>\n<p>The French conglomerate has said it plans to use the proceeds from the UMG deals to reduce its financial debt and to finance share buybacks and acquisitions.</p>\n<p>Billionaire Ackman had originally aimed to make the UMG investment through a special purpose acquisition company (SPAC), but is now buying in through his Pershing fund instead after the initial plan hit hurdles.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pershing Square to buy extra 2.9% of Universal Music for $1.15 bln</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPershing Square to buy extra 2.9% of Universal Music for $1.15 bln\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-31 16:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/1-pershing-square-buy-extra-081744730.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>PARIS, Aug 31 (Reuters) - American hedge fund manager Bill Ackman's Pershing Square is buying an additional 2.9% of Universal Music Group (UMG) from Vivendi for $1.149 billion, the French conglomerate...</p>\n\n<a href=\"https://finance.yahoo.com/news/1-pershing-square-buy-extra-081744730.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TCEHY":"腾讯控股ADR","PSHZF":"Pershing Square Holdings Ltd.","00700":"腾讯控股"},"source_url":"https://finance.yahoo.com/news/1-pershing-square-buy-extra-081744730.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144954756","content_text":"PARIS, Aug 31 (Reuters) - American hedge fund manager Bill Ackman's Pershing Square is buying an additional 2.9% of Universal Music Group (UMG) from Vivendi for $1.149 billion, the French conglomerate said on Tuesday.\nVivendi said the transaction was based on an enterprise value of 35 billion euros ($41.40 billion) for 100% of UMG's share capital.\nThe deal, to close by Sept. 9, means Pershing Square will own 10% of UMG's share capital after it bought a 7.1% stake from Vivendi in August, the French company added.\nThe transaction comes ahead of the distribution of 60% of UMG's share capital to Vivendi's shareholders and the listing of the company scheduled for September 21.\nUMG, which represents artists like Justin Bieber and Taylor Swift, is benefiting from a music industry rebound, underpinned by booming streaming revenues but also a recent surge in sales of vinyl records and CDs.\nIn January, Vivendi said a consortium led by Chinese media group Tencent had bought an additional 10% stake in UMG, pushing its holding up to 20%. Tencent has been expanding globally with stakes in Spotify and Warner Music Group .\nBesides UMG, Vivendi's media assets include pay TV firm Canal+, communications group Havas, video games firm Gameloft, video-sharing firm Dailymotion, plus other publishing and entertainment firms.\nThe French conglomerate has said it plans to use the proceeds from the UMG deals to reduce its financial debt and to finance share buybacks and acquisitions.\nBillionaire Ackman had originally aimed to make the UMG investment through a special purpose acquisition company (SPAC), but is now buying in through his Pershing fund instead after the initial plan hit hurdles.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5704520,"gmtCreate":1630399946243,"gmtModify":1663233169240,"authorId":3565591020581408,"author":{"id":3565591020581408,"idStr":"3565591020581408","authorId":3565591020581408,"name":"COYGrrr","avatar":"https://static.tigerbbs.com/bf6dc0e39d6a47cc606e845745162119","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.10","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":818871781,"type":1,"supId":0,"prevId":0,"content":"Like","text":"Like","html":"Like"}],"langContent":"CN"},{"id":818846763,"gmtCreate":1630398661852,"gmtModify":1676530291656,"author":{"id":"3558097748623340","authorId":"3558097748623340","name":"LeeWan","avatar":"https://static.tigerbbs.com/88769849d29a340fce73355c249755a4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3558097748623340","authorIdStr":"3558097748623340"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/818846763","repostId":1144954756,"repostType":4,"repost":{"id":"1144954756","kind":"news","pubTimestamp":1630398258,"share":"https://ttm.financial/m/news/1144954756?lang=&edition=fundamental","pubTime":"2021-08-31 16:24","market":"us","language":"en","title":"Pershing Square to buy extra 2.9% of Universal Music for $1.15 bln","url":"https://stock-news.laohu8.com/highlight/detail?id=1144954756","media":"Reuters","summary":"PARIS, Aug 31 (Reuters) - American hedge fund manager Bill Ackman's Pershing Square is buying an add","content":"<p>PARIS, Aug 31 (Reuters) - American hedge fund manager Bill Ackman's Pershing Square is buying an additional 2.9% of Universal Music Group (UMG) from Vivendi for $1.149 billion, the French conglomerate said on Tuesday.</p>\n<p>Vivendi said the transaction was based on an enterprise value of 35 billion euros ($41.40 billion) for 100% of UMG's share capital.</p>\n<p>The deal, to close by Sept. 9, means Pershing Square will own 10% of UMG's share capital after it bought a 7.1% stake from Vivendi in August, the French company added.</p>\n<p>The transaction comes ahead of the distribution of 60% of UMG's share capital to Vivendi's shareholders and the listing of the company scheduled for September 21.</p>\n<p>UMG, which represents artists like Justin Bieber and Taylor Swift, is benefiting from a music industry rebound, underpinned by booming streaming revenues but also a recent surge in sales of vinyl records and CDs.</p>\n<p>In January, Vivendi said a consortium led by Chinese media group Tencent had bought an additional 10% stake in UMG, pushing its holding up to 20%. Tencent has been expanding globally with stakes in Spotify and Warner Music Group .</p>\n<p>Besides UMG, Vivendi's media assets include pay TV firm Canal+, communications group Havas, video games firm Gameloft, video-sharing firm Dailymotion, plus other publishing and entertainment firms.</p>\n<p>The French conglomerate has said it plans to use the proceeds from the UMG deals to reduce its financial debt and to finance share buybacks and acquisitions.</p>\n<p>Billionaire Ackman had originally aimed to make the UMG investment through a special purpose acquisition company (SPAC), but is now buying in through his Pershing fund instead after the initial plan hit hurdles.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pershing Square to buy extra 2.9% of Universal Music for $1.15 bln</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPershing Square to buy extra 2.9% of Universal Music for $1.15 bln\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-31 16:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/1-pershing-square-buy-extra-081744730.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>PARIS, Aug 31 (Reuters) - American hedge fund manager Bill Ackman's Pershing Square is buying an additional 2.9% of Universal Music Group (UMG) from Vivendi for $1.149 billion, the French conglomerate...</p>\n\n<a href=\"https://finance.yahoo.com/news/1-pershing-square-buy-extra-081744730.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TCEHY":"腾讯控股ADR","PSHZF":"Pershing Square Holdings Ltd.","00700":"腾讯控股"},"source_url":"https://finance.yahoo.com/news/1-pershing-square-buy-extra-081744730.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144954756","content_text":"PARIS, Aug 31 (Reuters) - American hedge fund manager Bill Ackman's Pershing Square is buying an additional 2.9% of Universal Music Group (UMG) from Vivendi for $1.149 billion, the French conglomerate said on Tuesday.\nVivendi said the transaction was based on an enterprise value of 35 billion euros ($41.40 billion) for 100% of UMG's share capital.\nThe deal, to close by Sept. 9, means Pershing Square will own 10% of UMG's share capital after it bought a 7.1% stake from Vivendi in August, the French company added.\nThe transaction comes ahead of the distribution of 60% of UMG's share capital to Vivendi's shareholders and the listing of the company scheduled for September 21.\nUMG, which represents artists like Justin Bieber and Taylor Swift, is benefiting from a music industry rebound, underpinned by booming streaming revenues but also a recent surge in sales of vinyl records and CDs.\nIn January, Vivendi said a consortium led by Chinese media group Tencent had bought an additional 10% stake in UMG, pushing its holding up to 20%. Tencent has been expanding globally with stakes in Spotify and Warner Music Group .\nBesides UMG, Vivendi's media assets include pay TV firm Canal+, communications group Havas, video games firm Gameloft, video-sharing firm Dailymotion, plus other publishing and entertainment firms.\nThe French conglomerate has said it plans to use the proceeds from the UMG deals to reduce its financial debt and to finance share buybacks and acquisitions.\nBillionaire Ackman had originally aimed to make the UMG investment through a special purpose acquisition company (SPAC), but is now buying in through his Pershing fund instead after the initial plan hit hurdles.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5704356,"gmtCreate":1630398774956,"gmtModify":1663233163040,"authorId":3573976216768090,"author":{"id":3573976216768090,"idStr":"3573976216768090","authorId":3573976216768090,"name":"3nn","avatar":"https://static.tigerbbs.com/303b8f037330070d95adf2f11d86d23a","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-2","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"Executive Tiger","description":"The transaction amount of the securities account reaches $300,000","bigImgUrl":"https://static.tigerbbs.com/9d20b23f1b6335407f882bc5c2ad12c0","smallImgUrl":"https://static.tigerbbs.com/ada3b4533518ace8404a3f6dd192bd29","grayImgUrl":"https://static.tigerbbs.com/177f283ba21d1c077054dac07f88f3bd","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"80.09%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":818846763,"type":1,"supId":0,"prevId":0,"content":"?","text":"?","html":"?"}],"langContent":"EN"},{"id":818846109,"gmtCreate":1630398622801,"gmtModify":1676530291648,"author":{"id":"3566321437917881","authorId":"3566321437917881","name":"Judgers","avatar":"https://static.tigerbbs.com/a761a14762018f4253888680f7fe7965","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3566321437917881","authorIdStr":"3566321437917881"},"htmlText":"Pls like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/818846109","repostId":1144954756,"repostType":4,"repost":{"id":"1144954756","kind":"news","pubTimestamp":1630398258,"share":"https://ttm.financial/m/news/1144954756?lang=&edition=fundamental","pubTime":"2021-08-31 16:24","market":"us","language":"en","title":"Pershing Square to buy extra 2.9% of Universal Music for $1.15 bln","url":"https://stock-news.laohu8.com/highlight/detail?id=1144954756","media":"Reuters","summary":"PARIS, Aug 31 (Reuters) - American hedge fund manager Bill Ackman's Pershing Square is buying an add","content":"<p>PARIS, Aug 31 (Reuters) - American hedge fund manager Bill Ackman's Pershing Square is buying an additional 2.9% of Universal Music Group (UMG) from Vivendi for $1.149 billion, the French conglomerate said on Tuesday.</p>\n<p>Vivendi said the transaction was based on an enterprise value of 35 billion euros ($41.40 billion) for 100% of UMG's share capital.</p>\n<p>The deal, to close by Sept. 9, means Pershing Square will own 10% of UMG's share capital after it bought a 7.1% stake from Vivendi in August, the French company added.</p>\n<p>The transaction comes ahead of the distribution of 60% of UMG's share capital to Vivendi's shareholders and the listing of the company scheduled for September 21.</p>\n<p>UMG, which represents artists like Justin Bieber and Taylor Swift, is benefiting from a music industry rebound, underpinned by booming streaming revenues but also a recent surge in sales of vinyl records and CDs.</p>\n<p>In January, Vivendi said a consortium led by Chinese media group Tencent had bought an additional 10% stake in UMG, pushing its holding up to 20%. Tencent has been expanding globally with stakes in Spotify and Warner Music Group .</p>\n<p>Besides UMG, Vivendi's media assets include pay TV firm Canal+, communications group Havas, video games firm Gameloft, video-sharing firm Dailymotion, plus other publishing and entertainment firms.</p>\n<p>The French conglomerate has said it plans to use the proceeds from the UMG deals to reduce its financial debt and to finance share buybacks and acquisitions.</p>\n<p>Billionaire Ackman had originally aimed to make the UMG investment through a special purpose acquisition company (SPAC), but is now buying in through his Pershing fund instead after the initial plan hit hurdles.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pershing Square to buy extra 2.9% of Universal Music for $1.15 bln</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPershing Square to buy extra 2.9% of Universal Music for $1.15 bln\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-31 16:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/1-pershing-square-buy-extra-081744730.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>PARIS, Aug 31 (Reuters) - American hedge fund manager Bill Ackman's Pershing Square is buying an additional 2.9% of Universal Music Group (UMG) from Vivendi for $1.149 billion, the French conglomerate...</p>\n\n<a href=\"https://finance.yahoo.com/news/1-pershing-square-buy-extra-081744730.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TCEHY":"腾讯控股ADR","PSHZF":"Pershing Square Holdings Ltd.","00700":"腾讯控股"},"source_url":"https://finance.yahoo.com/news/1-pershing-square-buy-extra-081744730.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144954756","content_text":"PARIS, Aug 31 (Reuters) - American hedge fund manager Bill Ackman's Pershing Square is buying an additional 2.9% of Universal Music Group (UMG) from Vivendi for $1.149 billion, the French conglomerate said on Tuesday.\nVivendi said the transaction was based on an enterprise value of 35 billion euros ($41.40 billion) for 100% of UMG's share capital.\nThe deal, to close by Sept. 9, means Pershing Square will own 10% of UMG's share capital after it bought a 7.1% stake from Vivendi in August, the French company added.\nThe transaction comes ahead of the distribution of 60% of UMG's share capital to Vivendi's shareholders and the listing of the company scheduled for September 21.\nUMG, which represents artists like Justin Bieber and Taylor Swift, is benefiting from a music industry rebound, underpinned by booming streaming revenues but also a recent surge in sales of vinyl records and CDs.\nIn January, Vivendi said a consortium led by Chinese media group Tencent had bought an additional 10% stake in UMG, pushing its holding up to 20%. Tencent has been expanding globally with stakes in Spotify and Warner Music Group .\nBesides UMG, Vivendi's media assets include pay TV firm Canal+, communications group Havas, video games firm Gameloft, video-sharing firm Dailymotion, plus other publishing and entertainment firms.\nThe French conglomerate has said it plans to use the proceeds from the UMG deals to reduce its financial debt and to finance share buybacks and acquisitions.\nBillionaire Ackman had originally aimed to make the UMG investment through a special purpose acquisition company (SPAC), but is now buying in through his Pershing fund instead after the initial plan hit hurdles.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5704340,"gmtCreate":1630398668373,"gmtModify":1663233163827,"authorId":3558097748623340,"author":{"id":3558097748623340,"idStr":"3558097748623340","authorId":3558097748623340,"name":"LeeWan","avatar":"https://static.tigerbbs.com/88769849d29a340fce73355c249755a4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":818846109,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":818848627,"gmtCreate":1630398578369,"gmtModify":1676530291553,"author":{"id":"3586738363669355","authorId":"3586738363669355","name":"ting90","avatar":"https://static.tigerbbs.com/0297505cae3ffaf2cfe2b3c790faedae","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3586738363669355","authorIdStr":"3586738363669355"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/818848627","repostId":1144954756,"repostType":2,"repost":{"id":"1144954756","kind":"news","pubTimestamp":1630398258,"share":"https://ttm.financial/m/news/1144954756?lang=&edition=fundamental","pubTime":"2021-08-31 16:24","market":"us","language":"en","title":"Pershing Square to buy extra 2.9% of Universal Music for $1.15 bln","url":"https://stock-news.laohu8.com/highlight/detail?id=1144954756","media":"Reuters","summary":"PARIS, Aug 31 (Reuters) - American hedge fund manager Bill Ackman's Pershing Square is buying an add","content":"<p>PARIS, Aug 31 (Reuters) - American hedge fund manager Bill Ackman's Pershing Square is buying an additional 2.9% of Universal Music Group (UMG) from Vivendi for $1.149 billion, the French conglomerate said on Tuesday.</p>\n<p>Vivendi said the transaction was based on an enterprise value of 35 billion euros ($41.40 billion) for 100% of UMG's share capital.</p>\n<p>The deal, to close by Sept. 9, means Pershing Square will own 10% of UMG's share capital after it bought a 7.1% stake from Vivendi in August, the French company added.</p>\n<p>The transaction comes ahead of the distribution of 60% of UMG's share capital to Vivendi's shareholders and the listing of the company scheduled for September 21.</p>\n<p>UMG, which represents artists like Justin Bieber and Taylor Swift, is benefiting from a music industry rebound, underpinned by booming streaming revenues but also a recent surge in sales of vinyl records and CDs.</p>\n<p>In January, Vivendi said a consortium led by Chinese media group Tencent had bought an additional 10% stake in UMG, pushing its holding up to 20%. Tencent has been expanding globally with stakes in Spotify and Warner Music Group .</p>\n<p>Besides UMG, Vivendi's media assets include pay TV firm Canal+, communications group Havas, video games firm Gameloft, video-sharing firm Dailymotion, plus other publishing and entertainment firms.</p>\n<p>The French conglomerate has said it plans to use the proceeds from the UMG deals to reduce its financial debt and to finance share buybacks and acquisitions.</p>\n<p>Billionaire Ackman had originally aimed to make the UMG investment through a special purpose acquisition company (SPAC), but is now buying in through his Pershing fund instead after the initial plan hit hurdles.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pershing Square to buy extra 2.9% of Universal Music for $1.15 bln</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPershing Square to buy extra 2.9% of Universal Music for $1.15 bln\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-31 16:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/1-pershing-square-buy-extra-081744730.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>PARIS, Aug 31 (Reuters) - American hedge fund manager Bill Ackman's Pershing Square is buying an additional 2.9% of Universal Music Group (UMG) from Vivendi for $1.149 billion, the French conglomerate...</p>\n\n<a href=\"https://finance.yahoo.com/news/1-pershing-square-buy-extra-081744730.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TCEHY":"腾讯控股ADR","PSHZF":"Pershing Square Holdings Ltd.","00700":"腾讯控股"},"source_url":"https://finance.yahoo.com/news/1-pershing-square-buy-extra-081744730.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144954756","content_text":"PARIS, Aug 31 (Reuters) - American hedge fund manager Bill Ackman's Pershing Square is buying an additional 2.9% of Universal Music Group (UMG) from Vivendi for $1.149 billion, the French conglomerate said on Tuesday.\nVivendi said the transaction was based on an enterprise value of 35 billion euros ($41.40 billion) for 100% of UMG's share capital.\nThe deal, to close by Sept. 9, means Pershing Square will own 10% of UMG's share capital after it bought a 7.1% stake from Vivendi in August, the French company added.\nThe transaction comes ahead of the distribution of 60% of UMG's share capital to Vivendi's shareholders and the listing of the company scheduled for September 21.\nUMG, which represents artists like Justin Bieber and Taylor Swift, is benefiting from a music industry rebound, underpinned by booming streaming revenues but also a recent surge in sales of vinyl records and CDs.\nIn January, Vivendi said a consortium led by Chinese media group Tencent had bought an additional 10% stake in UMG, pushing its holding up to 20%. Tencent has been expanding globally with stakes in Spotify and Warner Music Group .\nBesides UMG, Vivendi's media assets include pay TV firm Canal+, communications group Havas, video games firm Gameloft, video-sharing firm Dailymotion, plus other publishing and entertainment firms.\nThe French conglomerate has said it plans to use the proceeds from the UMG deals to reduce its financial debt and to finance share buybacks and acquisitions.\nBillionaire Ackman had originally aimed to make the UMG investment through a special purpose acquisition company (SPAC), but is now buying in through his Pershing fund instead after the initial plan hit hurdles.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":818848839,"gmtCreate":1630398569921,"gmtModify":1676530291553,"author":{"id":"3573475065664764","authorId":"3573475065664764","name":"blen","avatar":"https://static.tigerbbs.com/bd3510050d36ae9f89d9724ba13f0180","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3573475065664764","authorIdStr":"3573475065664764"},"htmlText":"Pls like mine too","listText":"Pls like mine too","text":"Pls like mine too","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/818848839","repostId":1144954756,"repostType":4,"repost":{"id":"1144954756","kind":"news","pubTimestamp":1630398258,"share":"https://ttm.financial/m/news/1144954756?lang=&edition=fundamental","pubTime":"2021-08-31 16:24","market":"us","language":"en","title":"Pershing Square to buy extra 2.9% of Universal Music for $1.15 bln","url":"https://stock-news.laohu8.com/highlight/detail?id=1144954756","media":"Reuters","summary":"PARIS, Aug 31 (Reuters) - American hedge fund manager Bill Ackman's Pershing Square is buying an add","content":"<p>PARIS, Aug 31 (Reuters) - American hedge fund manager Bill Ackman's Pershing Square is buying an additional 2.9% of Universal Music Group (UMG) from Vivendi for $1.149 billion, the French conglomerate said on Tuesday.</p>\n<p>Vivendi said the transaction was based on an enterprise value of 35 billion euros ($41.40 billion) for 100% of UMG's share capital.</p>\n<p>The deal, to close by Sept. 9, means Pershing Square will own 10% of UMG's share capital after it bought a 7.1% stake from Vivendi in August, the French company added.</p>\n<p>The transaction comes ahead of the distribution of 60% of UMG's share capital to Vivendi's shareholders and the listing of the company scheduled for September 21.</p>\n<p>UMG, which represents artists like Justin Bieber and Taylor Swift, is benefiting from a music industry rebound, underpinned by booming streaming revenues but also a recent surge in sales of vinyl records and CDs.</p>\n<p>In January, Vivendi said a consortium led by Chinese media group Tencent had bought an additional 10% stake in UMG, pushing its holding up to 20%. Tencent has been expanding globally with stakes in Spotify and Warner Music Group .</p>\n<p>Besides UMG, Vivendi's media assets include pay TV firm Canal+, communications group Havas, video games firm Gameloft, video-sharing firm Dailymotion, plus other publishing and entertainment firms.</p>\n<p>The French conglomerate has said it plans to use the proceeds from the UMG deals to reduce its financial debt and to finance share buybacks and acquisitions.</p>\n<p>Billionaire Ackman had originally aimed to make the UMG investment through a special purpose acquisition company (SPAC), but is now buying in through his Pershing fund instead after the initial plan hit hurdles.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pershing Square to buy extra 2.9% of Universal Music for $1.15 bln</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPershing Square to buy extra 2.9% of Universal Music for $1.15 bln\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-31 16:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/1-pershing-square-buy-extra-081744730.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>PARIS, Aug 31 (Reuters) - American hedge fund manager Bill Ackman's Pershing Square is buying an additional 2.9% of Universal Music Group (UMG) from Vivendi for $1.149 billion, the French conglomerate...</p>\n\n<a href=\"https://finance.yahoo.com/news/1-pershing-square-buy-extra-081744730.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TCEHY":"腾讯控股ADR","PSHZF":"Pershing Square Holdings Ltd.","00700":"腾讯控股"},"source_url":"https://finance.yahoo.com/news/1-pershing-square-buy-extra-081744730.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144954756","content_text":"PARIS, Aug 31 (Reuters) - American hedge fund manager Bill Ackman's Pershing Square is buying an additional 2.9% of Universal Music Group (UMG) from Vivendi for $1.149 billion, the French conglomerate said on Tuesday.\nVivendi said the transaction was based on an enterprise value of 35 billion euros ($41.40 billion) for 100% of UMG's share capital.\nThe deal, to close by Sept. 9, means Pershing Square will own 10% of UMG's share capital after it bought a 7.1% stake from Vivendi in August, the French company added.\nThe transaction comes ahead of the distribution of 60% of UMG's share capital to Vivendi's shareholders and the listing of the company scheduled for September 21.\nUMG, which represents artists like Justin Bieber and Taylor Swift, is benefiting from a music industry rebound, underpinned by booming streaming revenues but also a recent surge in sales of vinyl records and CDs.\nIn January, Vivendi said a consortium led by Chinese media group Tencent had bought an additional 10% stake in UMG, pushing its holding up to 20%. Tencent has been expanding globally with stakes in Spotify and Warner Music Group .\nBesides UMG, Vivendi's media assets include pay TV firm Canal+, communications group Havas, video games firm Gameloft, video-sharing firm Dailymotion, plus other publishing and entertainment firms.\nThe French conglomerate has said it plans to use the proceeds from the UMG deals to reduce its financial debt and to finance share buybacks and acquisitions.\nBillionaire Ackman had originally aimed to make the UMG investment through a special purpose acquisition company (SPAC), but is now buying in through his Pershing fund instead after the initial plan hit hurdles.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":818843415,"gmtCreate":1630398489837,"gmtModify":1676530291466,"author":{"id":"3572826093389291","authorId":"3572826093389291","name":"Tadalada","avatar":"https://static.tigerbbs.com/b72694826dfd7043f27335bde2e7e70b","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":5,"crmLevelSwitch":0,"idStr":"3572826093389291","authorIdStr":"3572826093389291"},"htmlText":"Pls liek","listText":"Pls liek","text":"Pls liek","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/818843415","repostId":1144954756,"repostType":4,"repost":{"id":"1144954756","kind":"news","pubTimestamp":1630398258,"share":"https://ttm.financial/m/news/1144954756?lang=&edition=fundamental","pubTime":"2021-08-31 16:24","market":"us","language":"en","title":"Pershing Square to buy extra 2.9% of Universal Music for $1.15 bln","url":"https://stock-news.laohu8.com/highlight/detail?id=1144954756","media":"Reuters","summary":"PARIS, Aug 31 (Reuters) - American hedge fund manager Bill Ackman's Pershing Square is buying an add","content":"<p>PARIS, Aug 31 (Reuters) - American hedge fund manager Bill Ackman's Pershing Square is buying an additional 2.9% of Universal Music Group (UMG) from Vivendi for $1.149 billion, the French conglomerate said on Tuesday.</p>\n<p>Vivendi said the transaction was based on an enterprise value of 35 billion euros ($41.40 billion) for 100% of UMG's share capital.</p>\n<p>The deal, to close by Sept. 9, means Pershing Square will own 10% of UMG's share capital after it bought a 7.1% stake from Vivendi in August, the French company added.</p>\n<p>The transaction comes ahead of the distribution of 60% of UMG's share capital to Vivendi's shareholders and the listing of the company scheduled for September 21.</p>\n<p>UMG, which represents artists like Justin Bieber and Taylor Swift, is benefiting from a music industry rebound, underpinned by booming streaming revenues but also a recent surge in sales of vinyl records and CDs.</p>\n<p>In January, Vivendi said a consortium led by Chinese media group Tencent had bought an additional 10% stake in UMG, pushing its holding up to 20%. Tencent has been expanding globally with stakes in Spotify and Warner Music Group .</p>\n<p>Besides UMG, Vivendi's media assets include pay TV firm Canal+, communications group Havas, video games firm Gameloft, video-sharing firm Dailymotion, plus other publishing and entertainment firms.</p>\n<p>The French conglomerate has said it plans to use the proceeds from the UMG deals to reduce its financial debt and to finance share buybacks and acquisitions.</p>\n<p>Billionaire Ackman had originally aimed to make the UMG investment through a special purpose acquisition company (SPAC), but is now buying in through his Pershing fund instead after the initial plan hit hurdles.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pershing Square to buy extra 2.9% of Universal Music for $1.15 bln</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPershing Square to buy extra 2.9% of Universal Music for $1.15 bln\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-31 16:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/1-pershing-square-buy-extra-081744730.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>PARIS, Aug 31 (Reuters) - American hedge fund manager Bill Ackman's Pershing Square is buying an additional 2.9% of Universal Music Group (UMG) from Vivendi for $1.149 billion, the French conglomerate...</p>\n\n<a href=\"https://finance.yahoo.com/news/1-pershing-square-buy-extra-081744730.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TCEHY":"腾讯控股ADR","PSHZF":"Pershing Square Holdings Ltd.","00700":"腾讯控股"},"source_url":"https://finance.yahoo.com/news/1-pershing-square-buy-extra-081744730.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144954756","content_text":"PARIS, Aug 31 (Reuters) - American hedge fund manager Bill Ackman's Pershing Square is buying an additional 2.9% of Universal Music Group (UMG) from Vivendi for $1.149 billion, the French conglomerate said on Tuesday.\nVivendi said the transaction was based on an enterprise value of 35 billion euros ($41.40 billion) for 100% of UMG's share capital.\nThe deal, to close by Sept. 9, means Pershing Square will own 10% of UMG's share capital after it bought a 7.1% stake from Vivendi in August, the French company added.\nThe transaction comes ahead of the distribution of 60% of UMG's share capital to Vivendi's shareholders and the listing of the company scheduled for September 21.\nUMG, which represents artists like Justin Bieber and Taylor Swift, is benefiting from a music industry rebound, underpinned by booming streaming revenues but also a recent surge in sales of vinyl records and CDs.\nIn January, Vivendi said a consortium led by Chinese media group Tencent had bought an additional 10% stake in UMG, pushing its holding up to 20%. Tencent has been expanding globally with stakes in Spotify and Warner Music Group .\nBesides UMG, Vivendi's media assets include pay TV firm Canal+, communications group Havas, video games firm Gameloft, video-sharing firm Dailymotion, plus other publishing and entertainment firms.\nThe French conglomerate has said it plans to use the proceeds from the UMG deals to reduce its financial debt and to finance share buybacks and acquisitions.\nBillionaire Ackman had originally aimed to make the UMG investment through a special purpose acquisition company (SPAC), but is now buying in through his Pershing fund instead after the initial plan hit hurdles.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5704337,"gmtCreate":1630398625804,"gmtModify":1663233164543,"authorId":3573475065664764,"author":{"id":3573475065664764,"idStr":"3573475065664764","authorId":3573475065664764,"name":"blen","avatar":"https://static.tigerbbs.com/bd3510050d36ae9f89d9724ba13f0180","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":818843415,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":42,"commentSize":8,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}