Ackman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion

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Ackman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion

Bloomberg2021-06-21

(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE. Ackman’s special purpose ...

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iamateh
·2021-06-22
pls help to like and comment ✌️
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PunkyBen
·2021-06-21
Comment and like pls.
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1
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- iamateh:
  hi
  2021-06-22
  Reply
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ORNEGU
·2021-06-21
up
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3
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- PunkyBen:
  Comment
  2021-06-21
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windz123
·2021-06-21
ok
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3
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Fior
·2021-06-21
[微笑]
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6
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CptPlanet
·2021-06-21
Like and comment!?!
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5
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- Sungleon:
  Y
  2021-06-21
  Reply
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JinHan
·2021-06-21
Bill Ackman has skin in the game for this SPAC acquisition. He committed about $1bn from what I recall. One of his key investment criteria is strong predictable free cash flow. I believe Universal Music fits into this criteria and that with so much skin in the game, he should be very certain about this investment. I am invested in PSTH. Please like and comment.
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AndyLiew0707
·2021-06-21
Ok
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4
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CGE
·2021-06-21
Like and comment
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2
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nayoowin
·2021-06-21
Great deal.
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- JinHan:
  Indeed! Buy and hold!
  2021-06-21
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clamst
·2021-06-21
Make it trend
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3
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Mingfa
·2021-06-21
Good
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8
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- clamst:
  Done
  2021-06-21
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foxkeh
·2021-06-21
Nice
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4
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- TerranTan:
  Hi
  2021-06-21
  Reply
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ivy888
·2021-06-21
Please comment
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6
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- clamst:
  Done
  2021-06-21
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- Wilson Tan:
  done
  2021-06-21
  Reply
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- Thengz:
  Ok
  2021-06-21
  Reply
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ongmari
·2021-06-21
?
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7
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- ivy888:
  done
  2021-06-21
  Reply
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- nayoowin:
  great
  2021-06-21
  Reply
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HOME RUN
·2021-06-21
Pls like and comment.thx
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2
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- Ash1285:
  Yes
  2021-06-21
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- KTC:
  Ok
  2021-06-21
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手可摘棉花
·2021-06-21
So many spac deals these days..
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PooYen
·2021-06-21
Please like and comment. Thanks. [Smile] [Happy] [LOL] [Smile] [Happy]
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- HOME RUN:
  pls reply
  2021-06-21
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sohadeline
·2021-06-21
like ??
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4
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HH浩
·2021-06-21
Pls like and comment
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The companies reached an agreement despite drawing pushback from Vivendi’s shareholders and disappointment from investors of Pershing Square Tontine.</p>\n<p>SPACs typically pursue mergers with closely held companies, but after this deal, Pershing Square Tontine will remain listed with about $1.5 billion in cash and access to an additional $1.4 billion with the Pershing Square Funds. It will continue to search for a new business combination, according to its statement on Sunday.</p>\n<p>Pershing Square Tontine said it intends to distribute the Universal Music shares to its investors after the music business’s planned public listing in Amsterdam later this year. Investors will also get the right to acquire a stake in a new vehicle known as a special purpose acquisition rights company, or SPARC.</p>\n<p>As the music industry rebounds from a decadelong slump, Vivendi is cashing in on a boom in subscription music streaming that has inflated the value of its back catalog and a roster of stars including Swift, Drake, U2 and Post Malone. The deal would leave Universal Music with an investment base across the U.S., Europe and Asia. 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The companies reached an agreement despite drawing pushback from Vivendi’s shareholders and disappointment from investors of Pershing Square Tontine.\nSPACs typically pursue mergers with closely held companies, but after this deal, Pershing Square Tontine will remain listed with about $1.5 billion in cash and access to an additional $1.4 billion with the Pershing Square Funds. It will continue to search for a new business combination, according to its statement on Sunday.\nPershing Square Tontine said it intends to distribute the Universal Music shares to its investors after the music business’s planned public listing in Amsterdam later this year. Investors will also get the right to acquire a stake in a new vehicle known as a special purpose acquisition rights company, or SPARC.\nAs the music industry rebounds from a decadelong slump, Vivendi is cashing in on a boom in subscription music streaming that has inflated the value of its back catalog and a roster of stars including Swift, Drake, U2 and Post Malone. The deal would leave Universal Music with an investment base across the U.S., Europe and Asia. In 2019, a consortium led by China’s Tencent Holdings Ltd. also agreed to buy a stake in Universal Music.\n“After the 20% equity stake acquired by the Consortium led by the Tencent group, the arrival of major American investors provides further evidence of UMG’s global success and attractiveness,” Vivendi said in a separate statement Sunday.\nThe transaction is set to close in the coming weeks, and at the latest by Sept. 15, Vivendi said.\nPerella Weinberg Partners advised the board of directors of Pershing Square Tontine.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":167323759,"gmtCreate":1624248228571,"gmtModify":1703831527102,"author":{"id":"3576581443814101","authorId":"3576581443814101","name":"PunkyBen","avatar":"https://static.tigerbbs.com/d60782e6e0433b0b2bf66bc49ca27ab5","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":5,"crmLevelSwitch":1},"htmlText":"Comment and like pls.&nbsp;","listText":"Comment and like pls.&nbsp;","text":"Comment and like pls.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/167323759","repostId":1170361434,"repostType":2,"repost":{"id":"1170361434","pubTimestamp":1624232134,"share":"https://www.laohu8.com/m/news/1170361434?lang=&edition=full","pubTime":"2021-06-21 07:35","market":"us","language":"en","title":"Ackman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion","url":"https://stock-news.laohu8.com/highlight/detail?id=1170361434","media":"Bloomberg","summary":"(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Univers","content":"<p>(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.</p>\n<p>Ackman’s special purpose acquisition company, called Pershing Square Tontine Holdings Ltd., said the transaction would value the home of Taylor Swift, Drake and Billie Eilish at 35 billion euros ($42 billion) including debt. The companies reached an agreement despite drawing pushback from Vivendi’s shareholders and disappointment from investors of Pershing Square Tontine.</p>\n<p>SPACs typically pursue mergers with closely held companies, but after this deal, Pershing Square Tontine will remain listed with about $1.5 billion in cash and access to an additional $1.4 billion with the Pershing Square Funds. It will continue to search for a new business combination, according to its statement on Sunday.</p>\n<p>Pershing Square Tontine said it intends to distribute the Universal Music shares to its investors after the music business’s planned public listing in Amsterdam later this year. Investors will also get the right to acquire a stake in a new vehicle known as a special purpose acquisition rights company, or SPARC.</p>\n<p>As the music industry rebounds from a decadelong slump, Vivendi is cashing in on a boom in subscription music streaming that has inflated the value of its back catalog and a roster of stars including Swift, Drake, U2 and Post Malone. The deal would leave Universal Music with an investment base across the U.S., Europe and Asia. In 2019, a consortium led by China’s Tencent Holdings Ltd. also agreed to buy a stake in Universal Music.</p>\n<p>“After the 20% equity stake acquired by the Consortium led by the Tencent group, the arrival of major American investors provides further evidence of UMG’s global success and attractiveness,” Vivendi said in a separate statement Sunday.</p>\n<p>The transaction is set to close in the coming weeks, and at the latest by Sept. 15, Vivendi said.</p>\n<p>Perella Weinberg Partners advised the board of directors of Pershing Square Tontine.</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>Ackman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nAckman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 07:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.\nAckman’s special purpose ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PSTH":"Pershing Square Tontine Holdings"},"source_url":"https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170361434","content_text":"(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.\nAckman’s special purpose acquisition company, called Pershing Square Tontine Holdings Ltd., said the transaction would value the home of Taylor Swift, Drake and Billie Eilish at 35 billion euros ($42 billion) including debt. The companies reached an agreement despite drawing pushback from Vivendi’s shareholders and disappointment from investors of Pershing Square Tontine.\nSPACs typically pursue mergers with closely held companies, but after this deal, Pershing Square Tontine will remain listed with about $1.5 billion in cash and access to an additional $1.4 billion with the Pershing Square Funds. It will continue to search for a new business combination, according to its statement on Sunday.\nPershing Square Tontine said it intends to distribute the Universal Music shares to its investors after the music business’s planned public listing in Amsterdam later this year. Investors will also get the right to acquire a stake in a new vehicle known as a special purpose acquisition rights company, or SPARC.\nAs the music industry rebounds from a decadelong slump, Vivendi is cashing in on a boom in subscription music streaming that has inflated the value of its back catalog and a roster of stars including Swift, Drake, U2 and Post Malone. The deal would leave Universal Music with an investment base across the U.S., Europe and Asia. In 2019, a consortium led by China’s Tencent Holdings Ltd. also agreed to buy a stake in Universal Music.\n“After the 20% equity stake acquired by the Consortium led by the Tencent group, the arrival of major American investors provides further evidence of UMG’s global success and attractiveness,” Vivendi said in a separate statement Sunday.\nThe transaction is set to close in the coming weeks, and at the latest by Sept. 15, Vivendi said.\nPerella Weinberg Partners advised the board of directors of Pershing Square Tontine.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4950411,"gmtCreate":1624337893407,"gmtModify":1663229693145,"authorId":3554804006357295,"author":{"id":3554804006357295,"authorId":3554804006357295,"name":"iamateh","avatar":"https://static.tigerbbs.com/cfa6492594e288f70d24f72146aeec45","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":167323759,"type":1,"supId":0,"prevId":0,"content":"<u>hi</u>","text":"<u>hi</u>","html":"<u>hi</u>"}],"langContent":"EN"},{"id":167033453,"gmtCreate":1624238733272,"gmtModify":1703831194063,"author":{"id":"3576314755404440","authorId":"3576314755404440","name":"ORNEGU","avatar":"https://static.tigerbbs.com/cc9a0db1a49cb16e404b18823322d904","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"up&nbsp;","listText":"up&nbsp;","text":"up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/167033453","repostId":1170361434,"repostType":4,"repost":{"id":"1170361434","pubTimestamp":1624232134,"share":"https://www.laohu8.com/m/news/1170361434?lang=&edition=full","pubTime":"2021-06-21 07:35","market":"us","language":"en","title":"Ackman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion","url":"https://stock-news.laohu8.com/highlight/detail?id=1170361434","media":"Bloomberg","summary":"(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Univers","content":"<p>(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.</p>\n<p>Ackman’s special purpose acquisition company, called Pershing Square Tontine Holdings Ltd., said the transaction would value the home of Taylor Swift, Drake and Billie Eilish at 35 billion euros ($42 billion) including debt. The companies reached an agreement despite drawing pushback from Vivendi’s shareholders and disappointment from investors of Pershing Square Tontine.</p>\n<p>SPACs typically pursue mergers with closely held companies, but after this deal, Pershing Square Tontine will remain listed with about $1.5 billion in cash and access to an additional $1.4 billion with the Pershing Square Funds. It will continue to search for a new business combination, according to its statement on Sunday.</p>\n<p>Pershing Square Tontine said it intends to distribute the Universal Music shares to its investors after the music business’s planned public listing in Amsterdam later this year. Investors will also get the right to acquire a stake in a new vehicle known as a special purpose acquisition rights company, or SPARC.</p>\n<p>As the music industry rebounds from a decadelong slump, Vivendi is cashing in on a boom in subscription music streaming that has inflated the value of its back catalog and a roster of stars including Swift, Drake, U2 and Post Malone. The deal would leave Universal Music with an investment base across the U.S., Europe and Asia. In 2019, a consortium led by China’s Tencent Holdings Ltd. also agreed to buy a stake in Universal Music.</p>\n<p>“After the 20% equity stake acquired by the Consortium led by the Tencent group, the arrival of major American investors provides further evidence of UMG’s global success and attractiveness,” Vivendi said in a separate statement Sunday.</p>\n<p>The transaction is set to close in the coming weeks, and at the latest by Sept. 15, Vivendi said.</p>\n<p>Perella Weinberg Partners advised the board of directors of Pershing Square Tontine.</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>Ackman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nAckman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 07:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.\nAckman’s special purpose ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PSTH":"Pershing Square Tontine Holdings"},"source_url":"https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170361434","content_text":"(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.\nAckman’s special purpose acquisition company, called Pershing Square Tontine Holdings Ltd., said the transaction would value the home of Taylor Swift, Drake and Billie Eilish at 35 billion euros ($42 billion) including debt. The companies reached an agreement despite drawing pushback from Vivendi’s shareholders and disappointment from investors of Pershing Square Tontine.\nSPACs typically pursue mergers with closely held companies, but after this deal, Pershing Square Tontine will remain listed with about $1.5 billion in cash and access to an additional $1.4 billion with the Pershing Square Funds. It will continue to search for a new business combination, according to its statement on Sunday.\nPershing Square Tontine said it intends to distribute the Universal Music shares to its investors after the music business’s planned public listing in Amsterdam later this year. Investors will also get the right to acquire a stake in a new vehicle known as a special purpose acquisition rights company, or SPARC.\nAs the music industry rebounds from a decadelong slump, Vivendi is cashing in on a boom in subscription music streaming that has inflated the value of its back catalog and a roster of stars including Swift, Drake, U2 and Post Malone. The deal would leave Universal Music with an investment base across the U.S., Europe and Asia. In 2019, a consortium led by China’s Tencent Holdings Ltd. also agreed to buy a stake in Universal Music.\n“After the 20% equity stake acquired by the Consortium led by the Tencent group, the arrival of major American investors provides further evidence of UMG’s global success and attractiveness,” Vivendi said in a separate statement Sunday.\nThe transaction is set to close in the coming weeks, and at the latest by Sept. 15, Vivendi said.\nPerella Weinberg Partners advised the board of directors of Pershing Square Tontine.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4925993,"gmtCreate":1624248239367,"gmtModify":1663229572631,"authorId":3576581443814101,"author":{"id":3576581443814101,"authorId":3576581443814101,"name":"PunkyBen","avatar":"https://static.tigerbbs.com/d60782e6e0433b0b2bf66bc49ca27ab5","vip":1,"crmLevel":5,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":167033453,"type":1,"supId":0,"prevId":0,"content":"Comment","text":"Comment","html":"Comment"}],"langContent":"EN"},{"id":164749916,"gmtCreate":1624237552035,"gmtModify":1703831136402,"author":{"id":"3580791049174344","authorId":"3580791049174344","name":"windz123","avatar":"https://static.tigerbbs.com/3f5527e97f3d63e3fa0d4f05b7f5230c","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/164749916","repostId":1170361434,"repostType":4,"repost":{"id":"1170361434","pubTimestamp":1624232134,"share":"https://www.laohu8.com/m/news/1170361434?lang=&edition=full","pubTime":"2021-06-21 07:35","market":"us","language":"en","title":"Ackman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion","url":"https://stock-news.laohu8.com/highlight/detail?id=1170361434","media":"Bloomberg","summary":"(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Univers","content":"<p>(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.</p>\n<p>Ackman’s special purpose acquisition company, called Pershing Square Tontine Holdings Ltd., said the transaction would value the home of Taylor Swift, Drake and Billie Eilish at 35 billion euros ($42 billion) including debt. The companies reached an agreement despite drawing pushback from Vivendi’s shareholders and disappointment from investors of Pershing Square Tontine.</p>\n<p>SPACs typically pursue mergers with closely held companies, but after this deal, Pershing Square Tontine will remain listed with about $1.5 billion in cash and access to an additional $1.4 billion with the Pershing Square Funds. It will continue to search for a new business combination, according to its statement on Sunday.</p>\n<p>Pershing Square Tontine said it intends to distribute the Universal Music shares to its investors after the music business’s planned public listing in Amsterdam later this year. Investors will also get the right to acquire a stake in a new vehicle known as a special purpose acquisition rights company, or SPARC.</p>\n<p>As the music industry rebounds from a decadelong slump, Vivendi is cashing in on a boom in subscription music streaming that has inflated the value of its back catalog and a roster of stars including Swift, Drake, U2 and Post Malone. The deal would leave Universal Music with an investment base across the U.S., Europe and Asia. In 2019, a consortium led by China’s Tencent Holdings Ltd. also agreed to buy a stake in Universal Music.</p>\n<p>“After the 20% equity stake acquired by the Consortium led by the Tencent group, the arrival of major American investors provides further evidence of UMG’s global success and attractiveness,” Vivendi said in a separate statement Sunday.</p>\n<p>The transaction is set to close in the coming weeks, and at the latest by Sept. 15, Vivendi said.</p>\n<p>Perella Weinberg Partners advised the board of directors of Pershing Square Tontine.</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>Ackman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nAckman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 07:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.\nAckman’s special purpose ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PSTH":"Pershing Square Tontine Holdings"},"source_url":"https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170361434","content_text":"(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.\nAckman’s special purpose acquisition company, called Pershing Square Tontine Holdings Ltd., said the transaction would value the home of Taylor Swift, Drake and Billie Eilish at 35 billion euros ($42 billion) including debt. The companies reached an agreement despite drawing pushback from Vivendi’s shareholders and disappointment from investors of Pershing Square Tontine.\nSPACs typically pursue mergers with closely held companies, but after this deal, Pershing Square Tontine will remain listed with about $1.5 billion in cash and access to an additional $1.4 billion with the Pershing Square Funds. It will continue to search for a new business combination, according to its statement on Sunday.\nPershing Square Tontine said it intends to distribute the Universal Music shares to its investors after the music business’s planned public listing in Amsterdam later this year. Investors will also get the right to acquire a stake in a new vehicle known as a special purpose acquisition rights company, or SPARC.\nAs the music industry rebounds from a decadelong slump, Vivendi is cashing in on a boom in subscription music streaming that has inflated the value of its back catalog and a roster of stars including Swift, Drake, U2 and Post Malone. The deal would leave Universal Music with an investment base across the U.S., Europe and Asia. In 2019, a consortium led by China’s Tencent Holdings Ltd. also agreed to buy a stake in Universal Music.\n“After the 20% equity stake acquired by the Consortium led by the Tencent group, the arrival of major American investors provides further evidence of UMG’s global success and attractiveness,” Vivendi said in a separate statement Sunday.\nThe transaction is set to close in the coming weeks, and at the latest by Sept. 15, Vivendi said.\nPerella Weinberg Partners advised the board of directors of Pershing Square Tontine.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":164731953,"gmtCreate":1624235813472,"gmtModify":1703831055395,"author":{"id":"3579818815924112","authorId":"3579818815924112","name":"Fior","avatar":"https://static.tigerbbs.com/5abc82f7fc805d7694c80f6d8f37c87d","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"[微笑]&nbsp;","listText":"[微笑]&nbsp;","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/164731953","repostId":1170361434,"repostType":4,"repost":{"id":"1170361434","pubTimestamp":1624232134,"share":"https://www.laohu8.com/m/news/1170361434?lang=&edition=full","pubTime":"2021-06-21 07:35","market":"us","language":"en","title":"Ackman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion","url":"https://stock-news.laohu8.com/highlight/detail?id=1170361434","media":"Bloomberg","summary":"(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Univers","content":"<p>(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.</p>\n<p>Ackman’s special purpose acquisition company, called Pershing Square Tontine Holdings Ltd., said the transaction would value the home of Taylor Swift, Drake and Billie Eilish at 35 billion euros ($42 billion) including debt. The companies reached an agreement despite drawing pushback from Vivendi’s shareholders and disappointment from investors of Pershing Square Tontine.</p>\n<p>SPACs typically pursue mergers with closely held companies, but after this deal, Pershing Square Tontine will remain listed with about $1.5 billion in cash and access to an additional $1.4 billion with the Pershing Square Funds. It will continue to search for a new business combination, according to its statement on Sunday.</p>\n<p>Pershing Square Tontine said it intends to distribute the Universal Music shares to its investors after the music business’s planned public listing in Amsterdam later this year. Investors will also get the right to acquire a stake in a new vehicle known as a special purpose acquisition rights company, or SPARC.</p>\n<p>As the music industry rebounds from a decadelong slump, Vivendi is cashing in on a boom in subscription music streaming that has inflated the value of its back catalog and a roster of stars including Swift, Drake, U2 and Post Malone. The deal would leave Universal Music with an investment base across the U.S., Europe and Asia. In 2019, a consortium led by China’s Tencent Holdings Ltd. also agreed to buy a stake in Universal Music.</p>\n<p>“After the 20% equity stake acquired by the Consortium led by the Tencent group, the arrival of major American investors provides further evidence of UMG’s global success and attractiveness,” Vivendi said in a separate statement Sunday.</p>\n<p>The transaction is set to close in the coming weeks, and at the latest by Sept. 15, Vivendi said.</p>\n<p>Perella Weinberg Partners advised the board of directors of Pershing Square Tontine.</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>Ackman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nAckman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 07:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.\nAckman’s special purpose ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PSTH":"Pershing Square Tontine Holdings"},"source_url":"https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170361434","content_text":"(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.\nAckman’s special purpose acquisition company, called Pershing Square Tontine Holdings Ltd., said the transaction would value the home of Taylor Swift, Drake and Billie Eilish at 35 billion euros ($42 billion) including debt. The companies reached an agreement despite drawing pushback from Vivendi’s shareholders and disappointment from investors of Pershing Square Tontine.\nSPACs typically pursue mergers with closely held companies, but after this deal, Pershing Square Tontine will remain listed with about $1.5 billion in cash and access to an additional $1.4 billion with the Pershing Square Funds. It will continue to search for a new business combination, according to its statement on Sunday.\nPershing Square Tontine said it intends to distribute the Universal Music shares to its investors after the music business’s planned public listing in Amsterdam later this year. Investors will also get the right to acquire a stake in a new vehicle known as a special purpose acquisition rights company, or SPARC.\nAs the music industry rebounds from a decadelong slump, Vivendi is cashing in on a boom in subscription music streaming that has inflated the value of its back catalog and a roster of stars including Swift, Drake, U2 and Post Malone. The deal would leave Universal Music with an investment base across the U.S., Europe and Asia. In 2019, a consortium led by China’s Tencent Holdings Ltd. also agreed to buy a stake in Universal Music.\n“After the 20% equity stake acquired by the Consortium led by the Tencent group, the arrival of major American investors provides further evidence of UMG’s global success and attractiveness,” Vivendi said in a separate statement Sunday.\nThe transaction is set to close in the coming weeks, and at the latest by Sept. 15, Vivendi said.\nPerella Weinberg Partners advised the board of directors of Pershing Square Tontine.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":164707409,"gmtCreate":1624235446101,"gmtModify":1703831037175,"author":{"id":"3575945996127619","authorId":"3575945996127619","name":"CptPlanet","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Like and comment!?!","listText":"Like and comment!?!","text":"Like and comment!?!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/164707409","repostId":1170361434,"repostType":2,"repost":{"id":"1170361434","pubTimestamp":1624232134,"share":"https://www.laohu8.com/m/news/1170361434?lang=&edition=full","pubTime":"2021-06-21 07:35","market":"us","language":"en","title":"Ackman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion","url":"https://stock-news.laohu8.com/highlight/detail?id=1170361434","media":"Bloomberg","summary":"(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Univers","content":"<p>(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.</p>\n<p>Ackman’s special purpose acquisition company, called Pershing Square Tontine Holdings Ltd., said the transaction would value the home of Taylor Swift, Drake and Billie Eilish at 35 billion euros ($42 billion) including debt. The companies reached an agreement despite drawing pushback from Vivendi’s shareholders and disappointment from investors of Pershing Square Tontine.</p>\n<p>SPACs typically pursue mergers with closely held companies, but after this deal, Pershing Square Tontine will remain listed with about $1.5 billion in cash and access to an additional $1.4 billion with the Pershing Square Funds. It will continue to search for a new business combination, according to its statement on Sunday.</p>\n<p>Pershing Square Tontine said it intends to distribute the Universal Music shares to its investors after the music business’s planned public listing in Amsterdam later this year. Investors will also get the right to acquire a stake in a new vehicle known as a special purpose acquisition rights company, or SPARC.</p>\n<p>As the music industry rebounds from a decadelong slump, Vivendi is cashing in on a boom in subscription music streaming that has inflated the value of its back catalog and a roster of stars including Swift, Drake, U2 and Post Malone. The deal would leave Universal Music with an investment base across the U.S., Europe and Asia. In 2019, a consortium led by China’s Tencent Holdings Ltd. also agreed to buy a stake in Universal Music.</p>\n<p>“After the 20% equity stake acquired by the Consortium led by the Tencent group, the arrival of major American investors provides further evidence of UMG’s global success and attractiveness,” Vivendi said in a separate statement Sunday.</p>\n<p>The transaction is set to close in the coming weeks, and at the latest by Sept. 15, Vivendi said.</p>\n<p>Perella Weinberg Partners advised the board of directors of Pershing Square Tontine.</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>Ackman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nAckman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 07:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.\nAckman’s special purpose ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PSTH":"Pershing Square Tontine Holdings"},"source_url":"https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170361434","content_text":"(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.\nAckman’s special purpose acquisition company, called Pershing Square Tontine Holdings Ltd., said the transaction would value the home of Taylor Swift, Drake and Billie Eilish at 35 billion euros ($42 billion) including debt. The companies reached an agreement despite drawing pushback from Vivendi’s shareholders and disappointment from investors of Pershing Square Tontine.\nSPACs typically pursue mergers with closely held companies, but after this deal, Pershing Square Tontine will remain listed with about $1.5 billion in cash and access to an additional $1.4 billion with the Pershing Square Funds. It will continue to search for a new business combination, according to its statement on Sunday.\nPershing Square Tontine said it intends to distribute the Universal Music shares to its investors after the music business’s planned public listing in Amsterdam later this year. Investors will also get the right to acquire a stake in a new vehicle known as a special purpose acquisition rights company, or SPARC.\nAs the music industry rebounds from a decadelong slump, Vivendi is cashing in on a boom in subscription music streaming that has inflated the value of its back catalog and a roster of stars including Swift, Drake, U2 and Post Malone. The deal would leave Universal Music with an investment base across the U.S., Europe and Asia. In 2019, a consortium led by China’s Tencent Holdings Ltd. also agreed to buy a stake in Universal Music.\n“After the 20% equity stake acquired by the Consortium led by the Tencent group, the arrival of major American investors provides further evidence of UMG’s global success and attractiveness,” Vivendi said in a separate statement Sunday.\nThe transaction is set to close in the coming weeks, and at the latest by Sept. 15, Vivendi said.\nPerella Weinberg Partners advised the board of directors of Pershing Square Tontine.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4922573,"gmtCreate":1624239740634,"gmtModify":1663229556032,"authorId":3577331074716181,"author":{"id":3577331074716181,"authorId":3577331074716181,"name":"Sungleon","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":164707409,"type":1,"supId":0,"prevId":0,"content":"Y","text":"Y","html":"Y"}],"langContent":"EN"},{"id":164456900,"gmtCreate":1624234420300,"gmtModify":1703830988082,"author":{"id":"3581586102966898","authorId":"3581586102966898","name":"JinHan","avatar":"https://community-static.tradeup.com/news/023377e47661ee615bf8b22d4bd036e3","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Bill Ackman has skin in the game for this SPAC acquisition. He committed about $1bn from what I recall.&nbsp;One of his key investment criteria is strong predictable free cash flow. I believe Universal Music fits into this criteria and that with so much&nbsp;skin in the game, he should be very certain about this investment.&nbsp;I am invested in PSTH. Please like and comment.&nbsp;","listText":"Bill Ackman has skin in the game for this SPAC acquisition. He committed about $1bn from what I recall.&nbsp;One of his key investment criteria is strong predictable free cash flow. I believe Universal Music fits into this criteria and that with so much&nbsp;skin in the game, he should be very certain about this investment.&nbsp;I am invested in PSTH. Please like and comment.&nbsp;","text":"Bill Ackman has skin in the game for this SPAC acquisition. He committed about $1bn from what I recall. One of his key investment criteria is strong predictable free cash flow. I believe Universal Music fits into this criteria and that with so much skin in the game, he should be very certain about this investment. I am invested in PSTH. Please like and comment.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/164456900","repostId":1170361434,"repostType":4,"repost":{"id":"1170361434","pubTimestamp":1624232134,"share":"https://www.laohu8.com/m/news/1170361434?lang=&edition=full","pubTime":"2021-06-21 07:35","market":"us","language":"en","title":"Ackman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion","url":"https://stock-news.laohu8.com/highlight/detail?id=1170361434","media":"Bloomberg","summary":"(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Univers","content":"<p>(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.</p>\n<p>Ackman’s special purpose acquisition company, called Pershing Square Tontine Holdings Ltd., said the transaction would value the home of Taylor Swift, Drake and Billie Eilish at 35 billion euros ($42 billion) including debt. The companies reached an agreement despite drawing pushback from Vivendi’s shareholders and disappointment from investors of Pershing Square Tontine.</p>\n<p>SPACs typically pursue mergers with closely held companies, but after this deal, Pershing Square Tontine will remain listed with about $1.5 billion in cash and access to an additional $1.4 billion with the Pershing Square Funds. It will continue to search for a new business combination, according to its statement on Sunday.</p>\n<p>Pershing Square Tontine said it intends to distribute the Universal Music shares to its investors after the music business’s planned public listing in Amsterdam later this year. Investors will also get the right to acquire a stake in a new vehicle known as a special purpose acquisition rights company, or SPARC.</p>\n<p>As the music industry rebounds from a decadelong slump, Vivendi is cashing in on a boom in subscription music streaming that has inflated the value of its back catalog and a roster of stars including Swift, Drake, U2 and Post Malone. The deal would leave Universal Music with an investment base across the U.S., Europe and Asia. In 2019, a consortium led by China’s Tencent Holdings Ltd. also agreed to buy a stake in Universal Music.</p>\n<p>“After the 20% equity stake acquired by the Consortium led by the Tencent group, the arrival of major American investors provides further evidence of UMG’s global success and attractiveness,” Vivendi said in a separate statement Sunday.</p>\n<p>The transaction is set to close in the coming weeks, and at the latest by Sept. 15, Vivendi said.</p>\n<p>Perella Weinberg Partners advised the board of directors of Pershing Square Tontine.</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>Ackman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nAckman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 07:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.\nAckman’s special purpose ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PSTH":"Pershing Square Tontine Holdings"},"source_url":"https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170361434","content_text":"(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.\nAckman’s special purpose acquisition company, called Pershing Square Tontine Holdings Ltd., said the transaction would value the home of Taylor Swift, Drake and Billie Eilish at 35 billion euros ($42 billion) including debt. The companies reached an agreement despite drawing pushback from Vivendi’s shareholders and disappointment from investors of Pershing Square Tontine.\nSPACs typically pursue mergers with closely held companies, but after this deal, Pershing Square Tontine will remain listed with about $1.5 billion in cash and access to an additional $1.4 billion with the Pershing Square Funds. It will continue to search for a new business combination, according to its statement on Sunday.\nPershing Square Tontine said it intends to distribute the Universal Music shares to its investors after the music business’s planned public listing in Amsterdam later this year. Investors will also get the right to acquire a stake in a new vehicle known as a special purpose acquisition rights company, or SPARC.\nAs the music industry rebounds from a decadelong slump, Vivendi is cashing in on a boom in subscription music streaming that has inflated the value of its back catalog and a roster of stars including Swift, Drake, U2 and Post Malone. The deal would leave Universal Music with an investment base across the U.S., Europe and Asia. In 2019, a consortium led by China’s Tencent Holdings Ltd. also agreed to buy a stake in Universal Music.\n“After the 20% equity stake acquired by the Consortium led by the Tencent group, the arrival of major American investors provides further evidence of UMG’s global success and attractiveness,” Vivendi said in a separate statement Sunday.\nThe transaction is set to close in the coming weeks, and at the latest by Sept. 15, Vivendi said.\nPerella Weinberg Partners advised the board of directors of Pershing Square Tontine.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":164458898,"gmtCreate":1624234397014,"gmtModify":1703830991479,"author":{"id":"3582586892306458","authorId":"3582586892306458","name":"AndyLiew0707","avatar":"https://static.tigerbbs.com/78a7866f48596bf9e1b1a90bd0b94bb4","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/164458898","repostId":1170361434,"repostType":4,"repost":{"id":"1170361434","pubTimestamp":1624232134,"share":"https://www.laohu8.com/m/news/1170361434?lang=&edition=full","pubTime":"2021-06-21 07:35","market":"us","language":"en","title":"Ackman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion","url":"https://stock-news.laohu8.com/highlight/detail?id=1170361434","media":"Bloomberg","summary":"(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Univers","content":"<p>(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.</p>\n<p>Ackman’s special purpose acquisition company, called Pershing Square Tontine Holdings Ltd., said the transaction would value the home of Taylor Swift, Drake and Billie Eilish at 35 billion euros ($42 billion) including debt. The companies reached an agreement despite drawing pushback from Vivendi’s shareholders and disappointment from investors of Pershing Square Tontine.</p>\n<p>SPACs typically pursue mergers with closely held companies, but after this deal, Pershing Square Tontine will remain listed with about $1.5 billion in cash and access to an additional $1.4 billion with the Pershing Square Funds. It will continue to search for a new business combination, according to its statement on Sunday.</p>\n<p>Pershing Square Tontine said it intends to distribute the Universal Music shares to its investors after the music business’s planned public listing in Amsterdam later this year. Investors will also get the right to acquire a stake in a new vehicle known as a special purpose acquisition rights company, or SPARC.</p>\n<p>As the music industry rebounds from a decadelong slump, Vivendi is cashing in on a boom in subscription music streaming that has inflated the value of its back catalog and a roster of stars including Swift, Drake, U2 and Post Malone. The deal would leave Universal Music with an investment base across the U.S., Europe and Asia. In 2019, a consortium led by China’s Tencent Holdings Ltd. also agreed to buy a stake in Universal Music.</p>\n<p>“After the 20% equity stake acquired by the Consortium led by the Tencent group, the arrival of major American investors provides further evidence of UMG’s global success and attractiveness,” Vivendi said in a separate statement Sunday.</p>\n<p>The transaction is set to close in the coming weeks, and at the latest by Sept. 15, Vivendi said.</p>\n<p>Perella Weinberg Partners advised the board of directors of Pershing Square Tontine.</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>Ackman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nAckman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 07:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.\nAckman’s special purpose ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PSTH":"Pershing Square Tontine Holdings"},"source_url":"https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170361434","content_text":"(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.\nAckman’s special purpose acquisition company, called Pershing Square Tontine Holdings Ltd., said the transaction would value the home of Taylor Swift, Drake and Billie Eilish at 35 billion euros ($42 billion) including debt. The companies reached an agreement despite drawing pushback from Vivendi’s shareholders and disappointment from investors of Pershing Square Tontine.\nSPACs typically pursue mergers with closely held companies, but after this deal, Pershing Square Tontine will remain listed with about $1.5 billion in cash and access to an additional $1.4 billion with the Pershing Square Funds. It will continue to search for a new business combination, according to its statement on Sunday.\nPershing Square Tontine said it intends to distribute the Universal Music shares to its investors after the music business’s planned public listing in Amsterdam later this year. Investors will also get the right to acquire a stake in a new vehicle known as a special purpose acquisition rights company, or SPARC.\nAs the music industry rebounds from a decadelong slump, Vivendi is cashing in on a boom in subscription music streaming that has inflated the value of its back catalog and a roster of stars including Swift, Drake, U2 and Post Malone. The deal would leave Universal Music with an investment base across the U.S., Europe and Asia. In 2019, a consortium led by China’s Tencent Holdings Ltd. also agreed to buy a stake in Universal Music.\n“After the 20% equity stake acquired by the Consortium led by the Tencent group, the arrival of major American investors provides further evidence of UMG’s global success and attractiveness,” Vivendi said in a separate statement Sunday.\nThe transaction is set to close in the coming weeks, and at the latest by Sept. 15, Vivendi said.\nPerella Weinberg Partners advised the board of directors of Pershing Square Tontine.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":164459798,"gmtCreate":1624234314414,"gmtModify":1703830984517,"author":{"id":"3584000899703971","authorId":"3584000899703971","name":"CGE","avatar":"https://static.tigerbbs.com/b8e167178f9d1ac99fa1763f8545f998","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/164459798","repostId":1170361434,"repostType":4,"repost":{"id":"1170361434","pubTimestamp":1624232134,"share":"https://www.laohu8.com/m/news/1170361434?lang=&edition=full","pubTime":"2021-06-21 07:35","market":"us","language":"en","title":"Ackman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion","url":"https://stock-news.laohu8.com/highlight/detail?id=1170361434","media":"Bloomberg","summary":"(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Univers","content":"<p>(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.</p>\n<p>Ackman’s special purpose acquisition company, called Pershing Square Tontine Holdings Ltd., said the transaction would value the home of Taylor Swift, Drake and Billie Eilish at 35 billion euros ($42 billion) including debt. The companies reached an agreement despite drawing pushback from Vivendi’s shareholders and disappointment from investors of Pershing Square Tontine.</p>\n<p>SPACs typically pursue mergers with closely held companies, but after this deal, Pershing Square Tontine will remain listed with about $1.5 billion in cash and access to an additional $1.4 billion with the Pershing Square Funds. It will continue to search for a new business combination, according to its statement on Sunday.</p>\n<p>Pershing Square Tontine said it intends to distribute the Universal Music shares to its investors after the music business’s planned public listing in Amsterdam later this year. Investors will also get the right to acquire a stake in a new vehicle known as a special purpose acquisition rights company, or SPARC.</p>\n<p>As the music industry rebounds from a decadelong slump, Vivendi is cashing in on a boom in subscription music streaming that has inflated the value of its back catalog and a roster of stars including Swift, Drake, U2 and Post Malone. The deal would leave Universal Music with an investment base across the U.S., Europe and Asia. In 2019, a consortium led by China’s Tencent Holdings Ltd. also agreed to buy a stake in Universal Music.</p>\n<p>“After the 20% equity stake acquired by the Consortium led by the Tencent group, the arrival of major American investors provides further evidence of UMG’s global success and attractiveness,” Vivendi said in a separate statement Sunday.</p>\n<p>The transaction is set to close in the coming weeks, and at the latest by Sept. 15, Vivendi said.</p>\n<p>Perella Weinberg Partners advised the board of directors of Pershing Square Tontine.</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>Ackman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nAckman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 07:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.\nAckman’s special purpose ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PSTH":"Pershing Square Tontine Holdings"},"source_url":"https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170361434","content_text":"(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.\nAckman’s special purpose acquisition company, called Pershing Square Tontine Holdings Ltd., said the transaction would value the home of Taylor Swift, Drake and Billie Eilish at 35 billion euros ($42 billion) including debt. The companies reached an agreement despite drawing pushback from Vivendi’s shareholders and disappointment from investors of Pershing Square Tontine.\nSPACs typically pursue mergers with closely held companies, but after this deal, Pershing Square Tontine will remain listed with about $1.5 billion in cash and access to an additional $1.4 billion with the Pershing Square Funds. It will continue to search for a new business combination, according to its statement on Sunday.\nPershing Square Tontine said it intends to distribute the Universal Music shares to its investors after the music business’s planned public listing in Amsterdam later this year. Investors will also get the right to acquire a stake in a new vehicle known as a special purpose acquisition rights company, or SPARC.\nAs the music industry rebounds from a decadelong slump, Vivendi is cashing in on a boom in subscription music streaming that has inflated the value of its back catalog and a roster of stars including Swift, Drake, U2 and Post Malone. The deal would leave Universal Music with an investment base across the U.S., Europe and Asia. In 2019, a consortium led by China’s Tencent Holdings Ltd. also agreed to buy a stake in Universal Music.\n“After the 20% equity stake acquired by the Consortium led by the Tencent group, the arrival of major American investors provides further evidence of UMG’s global success and attractiveness,” Vivendi said in a separate statement Sunday.\nThe transaction is set to close in the coming weeks, and at the latest by Sept. 15, Vivendi said.\nPerella Weinberg Partners advised the board of directors of Pershing Square Tontine.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":164428135,"gmtCreate":1624234041027,"gmtModify":1703830974949,"author":{"id":"3555914646523682","authorId":"3555914646523682","name":"nayoowin","avatar":"https://static.tigerbbs.com/15f0b006a5a32255f437afc5e32b6b80","vip":1,"crmLevel":9,"crmLevelSwitch":1},"htmlText":"Great deal.","listText":"Great deal.","text":"Great deal.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/164428135","repostId":1170361434,"repostType":4,"repost":{"id":"1170361434","pubTimestamp":1624232134,"share":"https://www.laohu8.com/m/news/1170361434?lang=&edition=full","pubTime":"2021-06-21 07:35","market":"us","language":"en","title":"Ackman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion","url":"https://stock-news.laohu8.com/highlight/detail?id=1170361434","media":"Bloomberg","summary":"(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Univers","content":"<p>(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.</p>\n<p>Ackman’s special purpose acquisition company, called Pershing Square Tontine Holdings Ltd., said the transaction would value the home of Taylor Swift, Drake and Billie Eilish at 35 billion euros ($42 billion) including debt. The companies reached an agreement despite drawing pushback from Vivendi’s shareholders and disappointment from investors of Pershing Square Tontine.</p>\n<p>SPACs typically pursue mergers with closely held companies, but after this deal, Pershing Square Tontine will remain listed with about $1.5 billion in cash and access to an additional $1.4 billion with the Pershing Square Funds. It will continue to search for a new business combination, according to its statement on Sunday.</p>\n<p>Pershing Square Tontine said it intends to distribute the Universal Music shares to its investors after the music business’s planned public listing in Amsterdam later this year. Investors will also get the right to acquire a stake in a new vehicle known as a special purpose acquisition rights company, or SPARC.</p>\n<p>As the music industry rebounds from a decadelong slump, Vivendi is cashing in on a boom in subscription music streaming that has inflated the value of its back catalog and a roster of stars including Swift, Drake, U2 and Post Malone. The deal would leave Universal Music with an investment base across the U.S., Europe and Asia. In 2019, a consortium led by China’s Tencent Holdings Ltd. also agreed to buy a stake in Universal Music.</p>\n<p>“After the 20% equity stake acquired by the Consortium led by the Tencent group, the arrival of major American investors provides further evidence of UMG’s global success and attractiveness,” Vivendi said in a separate statement Sunday.</p>\n<p>The transaction is set to close in the coming weeks, and at the latest by Sept. 15, Vivendi said.</p>\n<p>Perella Weinberg Partners advised the board of directors of Pershing Square Tontine.</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>Ackman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nAckman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 07:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.\nAckman’s special purpose ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PSTH":"Pershing Square Tontine Holdings"},"source_url":"https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170361434","content_text":"(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.\nAckman’s special purpose acquisition company, called Pershing Square Tontine Holdings Ltd., said the transaction would value the home of Taylor Swift, Drake and Billie Eilish at 35 billion euros ($42 billion) including debt. The companies reached an agreement despite drawing pushback from Vivendi’s shareholders and disappointment from investors of Pershing Square Tontine.\nSPACs typically pursue mergers with closely held companies, but after this deal, Pershing Square Tontine will remain listed with about $1.5 billion in cash and access to an additional $1.4 billion with the Pershing Square Funds. It will continue to search for a new business combination, according to its statement on Sunday.\nPershing Square Tontine said it intends to distribute the Universal Music shares to its investors after the music business’s planned public listing in Amsterdam later this year. Investors will also get the right to acquire a stake in a new vehicle known as a special purpose acquisition rights company, or SPARC.\nAs the music industry rebounds from a decadelong slump, Vivendi is cashing in on a boom in subscription music streaming that has inflated the value of its back catalog and a roster of stars including Swift, Drake, U2 and Post Malone. The deal would leave Universal Music with an investment base across the U.S., Europe and Asia. In 2019, a consortium led by China’s Tencent Holdings Ltd. also agreed to buy a stake in Universal Music.\n“After the 20% equity stake acquired by the Consortium led by the Tencent group, the arrival of major American investors provides further evidence of UMG’s global success and attractiveness,” Vivendi said in a separate statement Sunday.\nThe transaction is set to close in the coming weeks, and at the latest by Sept. 15, Vivendi said.\nPerella Weinberg Partners advised the board of directors of Pershing Square Tontine.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4919641,"gmtCreate":1624234463859,"gmtModify":1663229541262,"authorId":3581586102966898,"author":{"id":3581586102966898,"authorId":3581586102966898,"name":"JinHan","avatar":"https://community-static.tradeup.com/news/023377e47661ee615bf8b22d4bd036e3","vip":1,"currentWearingBadge":{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.08.26","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":2007},"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":164428135,"type":1,"supId":0,"prevId":0,"content":"Indeed! Buy and hold!","text":"Indeed! Buy and hold!","html":"Indeed! Buy and hold!"}],"langContent":"EN"},{"id":164465304,"gmtCreate":1624233897708,"gmtModify":1703830965249,"author":{"id":"3585541935596173","authorId":"3585541935596173","name":"clamst","avatar":"https://static.tigerbbs.com/cf5fe2f49dda032a9e4837f83ed372bd","vip":1,"crmLevel":1,"crmLevelSwitch":1},"htmlText":"Make it trend","listText":"Make it trend","text":"Make it trend","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/164465304","repostId":1170361434,"repostType":4,"repost":{"id":"1170361434","pubTimestamp":1624232134,"share":"https://www.laohu8.com/m/news/1170361434?lang=&edition=full","pubTime":"2021-06-21 07:35","market":"us","language":"en","title":"Ackman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion","url":"https://stock-news.laohu8.com/highlight/detail?id=1170361434","media":"Bloomberg","summary":"(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Univers","content":"<p>(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.</p>\n<p>Ackman’s special purpose acquisition company, called Pershing Square Tontine Holdings Ltd., said the transaction would value the home of Taylor Swift, Drake and Billie Eilish at 35 billion euros ($42 billion) including debt. The companies reached an agreement despite drawing pushback from Vivendi’s shareholders and disappointment from investors of Pershing Square Tontine.</p>\n<p>SPACs typically pursue mergers with closely held companies, but after this deal, Pershing Square Tontine will remain listed with about $1.5 billion in cash and access to an additional $1.4 billion with the Pershing Square Funds. It will continue to search for a new business combination, according to its statement on Sunday.</p>\n<p>Pershing Square Tontine said it intends to distribute the Universal Music shares to its investors after the music business’s planned public listing in Amsterdam later this year. Investors will also get the right to acquire a stake in a new vehicle known as a special purpose acquisition rights company, or SPARC.</p>\n<p>As the music industry rebounds from a decadelong slump, Vivendi is cashing in on a boom in subscription music streaming that has inflated the value of its back catalog and a roster of stars including Swift, Drake, U2 and Post Malone. The deal would leave Universal Music with an investment base across the U.S., Europe and Asia. In 2019, a consortium led by China’s Tencent Holdings Ltd. also agreed to buy a stake in Universal Music.</p>\n<p>“After the 20% equity stake acquired by the Consortium led by the Tencent group, the arrival of major American investors provides further evidence of UMG’s global success and attractiveness,” Vivendi said in a separate statement Sunday.</p>\n<p>The transaction is set to close in the coming weeks, and at the latest by Sept. 15, Vivendi said.</p>\n<p>Perella Weinberg Partners advised the board of directors of Pershing Square Tontine.</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>Ackman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nAckman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 07:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.\nAckman’s special purpose ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PSTH":"Pershing Square Tontine Holdings"},"source_url":"https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170361434","content_text":"(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.\nAckman’s special purpose acquisition company, called Pershing Square Tontine Holdings Ltd., said the transaction would value the home of Taylor Swift, Drake and Billie Eilish at 35 billion euros ($42 billion) including debt. The companies reached an agreement despite drawing pushback from Vivendi’s shareholders and disappointment from investors of Pershing Square Tontine.\nSPACs typically pursue mergers with closely held companies, but after this deal, Pershing Square Tontine will remain listed with about $1.5 billion in cash and access to an additional $1.4 billion with the Pershing Square Funds. It will continue to search for a new business combination, according to its statement on Sunday.\nPershing Square Tontine said it intends to distribute the Universal Music shares to its investors after the music business’s planned public listing in Amsterdam later this year. Investors will also get the right to acquire a stake in a new vehicle known as a special purpose acquisition rights company, or SPARC.\nAs the music industry rebounds from a decadelong slump, Vivendi is cashing in on a boom in subscription music streaming that has inflated the value of its back catalog and a roster of stars including Swift, Drake, U2 and Post Malone. The deal would leave Universal Music with an investment base across the U.S., Europe and Asia. In 2019, a consortium led by China’s Tencent Holdings Ltd. also agreed to buy a stake in Universal Music.\n“After the 20% equity stake acquired by the Consortium led by the Tencent group, the arrival of major American investors provides further evidence of UMG’s global success and attractiveness,” Vivendi said in a separate statement Sunday.\nThe transaction is set to close in the coming weeks, and at the latest by Sept. 15, Vivendi said.\nPerella Weinberg Partners advised the board of directors of Pershing Square Tontine.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":164463599,"gmtCreate":1624233756111,"gmtModify":1703830960206,"author":{"id":"3577534578357163","authorId":"3577534578357163","name":"Mingfa","avatar":"https://static.tigerbbs.com/340b8324f26ec1c3e73989bb35cae23b","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/164463599","repostId":1170361434,"repostType":4,"repost":{"id":"1170361434","pubTimestamp":1624232134,"share":"https://www.laohu8.com/m/news/1170361434?lang=&edition=full","pubTime":"2021-06-21 07:35","market":"us","language":"en","title":"Ackman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion","url":"https://stock-news.laohu8.com/highlight/detail?id=1170361434","media":"Bloomberg","summary":"(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Univers","content":"<p>(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.</p>\n<p>Ackman’s special purpose acquisition company, called Pershing Square Tontine Holdings Ltd., said the transaction would value the home of Taylor Swift, Drake and Billie Eilish at 35 billion euros ($42 billion) including debt. The companies reached an agreement despite drawing pushback from Vivendi’s shareholders and disappointment from investors of Pershing Square Tontine.</p>\n<p>SPACs typically pursue mergers with closely held companies, but after this deal, Pershing Square Tontine will remain listed with about $1.5 billion in cash and access to an additional $1.4 billion with the Pershing Square Funds. It will continue to search for a new business combination, according to its statement on Sunday.</p>\n<p>Pershing Square Tontine said it intends to distribute the Universal Music shares to its investors after the music business’s planned public listing in Amsterdam later this year. Investors will also get the right to acquire a stake in a new vehicle known as a special purpose acquisition rights company, or SPARC.</p>\n<p>As the music industry rebounds from a decadelong slump, Vivendi is cashing in on a boom in subscription music streaming that has inflated the value of its back catalog and a roster of stars including Swift, Drake, U2 and Post Malone. The deal would leave Universal Music with an investment base across the U.S., Europe and Asia. In 2019, a consortium led by China’s Tencent Holdings Ltd. also agreed to buy a stake in Universal Music.</p>\n<p>“After the 20% equity stake acquired by the Consortium led by the Tencent group, the arrival of major American investors provides further evidence of UMG’s global success and attractiveness,” Vivendi said in a separate statement Sunday.</p>\n<p>The transaction is set to close in the coming weeks, and at the latest by Sept. 15, Vivendi said.</p>\n<p>Perella Weinberg Partners advised the board of directors of Pershing Square Tontine.</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>Ackman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nAckman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 07:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.\nAckman’s special purpose ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PSTH":"Pershing Square Tontine Holdings"},"source_url":"https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170361434","content_text":"(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.\nAckman’s special purpose acquisition company, called Pershing Square Tontine Holdings Ltd., said the transaction would value the home of Taylor Swift, Drake and Billie Eilish at 35 billion euros ($42 billion) including debt. The companies reached an agreement despite drawing pushback from Vivendi’s shareholders and disappointment from investors of Pershing Square Tontine.\nSPACs typically pursue mergers with closely held companies, but after this deal, Pershing Square Tontine will remain listed with about $1.5 billion in cash and access to an additional $1.4 billion with the Pershing Square Funds. It will continue to search for a new business combination, according to its statement on Sunday.\nPershing Square Tontine said it intends to distribute the Universal Music shares to its investors after the music business’s planned public listing in Amsterdam later this year. Investors will also get the right to acquire a stake in a new vehicle known as a special purpose acquisition rights company, or SPARC.\nAs the music industry rebounds from a decadelong slump, Vivendi is cashing in on a boom in subscription music streaming that has inflated the value of its back catalog and a roster of stars including Swift, Drake, U2 and Post Malone. The deal would leave Universal Music with an investment base across the U.S., Europe and Asia. In 2019, a consortium led by China’s Tencent Holdings Ltd. also agreed to buy a stake in Universal Music.\n“After the 20% equity stake acquired by the Consortium led by the Tencent group, the arrival of major American investors provides further evidence of UMG’s global success and attractiveness,” Vivendi said in a separate statement Sunday.\nThe transaction is set to close in the coming weeks, and at the latest by Sept. 15, Vivendi said.\nPerella Weinberg Partners advised the board of directors of Pershing Square Tontine.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4919411,"gmtCreate":1624233934217,"gmtModify":1663229543642,"authorId":3585541935596173,"author":{"id":3585541935596173,"authorId":3585541935596173,"name":"clamst","avatar":"https://static.tigerbbs.com/cf5fe2f49dda032a9e4837f83ed372bd","vip":1,"crmLevel":1,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":164463599,"type":1,"supId":0,"prevId":0,"content":"<u>Done</u>","text":"<u>Done</u>","html":"<u>Done</u>"}],"langContent":"EN"},{"id":164484800,"gmtCreate":1624233600900,"gmtModify":1703830953041,"author":{"id":"3572820167428371","authorId":"3572820167428371","name":"foxkeh","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/164484800","repostId":1170361434,"repostType":4,"repost":{"id":"1170361434","pubTimestamp":1624232134,"share":"https://www.laohu8.com/m/news/1170361434?lang=&edition=full","pubTime":"2021-06-21 07:35","market":"us","language":"en","title":"Ackman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion","url":"https://stock-news.laohu8.com/highlight/detail?id=1170361434","media":"Bloomberg","summary":"(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Univers","content":"<p>(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.</p>\n<p>Ackman’s special purpose acquisition company, called Pershing Square Tontine Holdings Ltd., said the transaction would value the home of Taylor Swift, Drake and Billie Eilish at 35 billion euros ($42 billion) including debt. The companies reached an agreement despite drawing pushback from Vivendi’s shareholders and disappointment from investors of Pershing Square Tontine.</p>\n<p>SPACs typically pursue mergers with closely held companies, but after this deal, Pershing Square Tontine will remain listed with about $1.5 billion in cash and access to an additional $1.4 billion with the Pershing Square Funds. It will continue to search for a new business combination, according to its statement on Sunday.</p>\n<p>Pershing Square Tontine said it intends to distribute the Universal Music shares to its investors after the music business’s planned public listing in Amsterdam later this year. Investors will also get the right to acquire a stake in a new vehicle known as a special purpose acquisition rights company, or SPARC.</p>\n<p>As the music industry rebounds from a decadelong slump, Vivendi is cashing in on a boom in subscription music streaming that has inflated the value of its back catalog and a roster of stars including Swift, Drake, U2 and Post Malone. The deal would leave Universal Music with an investment base across the U.S., Europe and Asia. In 2019, a consortium led by China’s Tencent Holdings Ltd. also agreed to buy a stake in Universal Music.</p>\n<p>“After the 20% equity stake acquired by the Consortium led by the Tencent group, the arrival of major American investors provides further evidence of UMG’s global success and attractiveness,” Vivendi said in a separate statement Sunday.</p>\n<p>The transaction is set to close in the coming weeks, and at the latest by Sept. 15, Vivendi said.</p>\n<p>Perella Weinberg Partners advised the board of directors of Pershing Square Tontine.</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>Ackman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nAckman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 07:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.\nAckman’s special purpose ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PSTH":"Pershing Square Tontine Holdings"},"source_url":"https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170361434","content_text":"(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.\nAckman’s special purpose acquisition company, called Pershing Square Tontine Holdings Ltd., said the transaction would value the home of Taylor Swift, Drake and Billie Eilish at 35 billion euros ($42 billion) including debt. The companies reached an agreement despite drawing pushback from Vivendi’s shareholders and disappointment from investors of Pershing Square Tontine.\nSPACs typically pursue mergers with closely held companies, but after this deal, Pershing Square Tontine will remain listed with about $1.5 billion in cash and access to an additional $1.4 billion with the Pershing Square Funds. It will continue to search for a new business combination, according to its statement on Sunday.\nPershing Square Tontine said it intends to distribute the Universal Music shares to its investors after the music business’s planned public listing in Amsterdam later this year. Investors will also get the right to acquire a stake in a new vehicle known as a special purpose acquisition rights company, or SPARC.\nAs the music industry rebounds from a decadelong slump, Vivendi is cashing in on a boom in subscription music streaming that has inflated the value of its back catalog and a roster of stars including Swift, Drake, U2 and Post Malone. The deal would leave Universal Music with an investment base across the U.S., Europe and Asia. In 2019, a consortium led by China’s Tencent Holdings Ltd. also agreed to buy a stake in Universal Music.\n“After the 20% equity stake acquired by the Consortium led by the Tencent group, the arrival of major American investors provides further evidence of UMG’s global success and attractiveness,” Vivendi said in a separate statement Sunday.\nThe transaction is set to close in the coming weeks, and at the latest by Sept. 15, Vivendi said.\nPerella Weinberg Partners advised the board of directors of Pershing Square Tontine.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4919455,"gmtCreate":1624234017014,"gmtModify":1663229539448,"authorId":3583394309139708,"author":{"id":3583394309139708,"authorId":3583394309139708,"name":"TerranTan","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":164484800,"type":1,"supId":0,"prevId":0,"content":"Hi","text":"Hi","html":"Hi"}],"langContent":"EN"},{"id":164485455,"gmtCreate":1624233569277,"gmtModify":1703830952228,"author":{"id":"3579641974902127","authorId":"3579641974902127","name":"ivy888","avatar":"https://static.tigerbbs.com/10358949b7fc96b011ec29ca7fd9c9a4","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Please comment&nbsp;","listText":"Please comment&nbsp;","text":"Please comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/164485455","repostId":1170361434,"repostType":4,"repost":{"id":"1170361434","pubTimestamp":1624232134,"share":"https://www.laohu8.com/m/news/1170361434?lang=&edition=full","pubTime":"2021-06-21 07:35","market":"us","language":"en","title":"Ackman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion","url":"https://stock-news.laohu8.com/highlight/detail?id=1170361434","media":"Bloomberg","summary":"(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Univers","content":"<p>(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.</p>\n<p>Ackman’s special purpose acquisition company, called Pershing Square Tontine Holdings Ltd., said the transaction would value the home of Taylor Swift, Drake and Billie Eilish at 35 billion euros ($42 billion) including debt. The companies reached an agreement despite drawing pushback from Vivendi’s shareholders and disappointment from investors of Pershing Square Tontine.</p>\n<p>SPACs typically pursue mergers with closely held companies, but after this deal, Pershing Square Tontine will remain listed with about $1.5 billion in cash and access to an additional $1.4 billion with the Pershing Square Funds. It will continue to search for a new business combination, according to its statement on Sunday.</p>\n<p>Pershing Square Tontine said it intends to distribute the Universal Music shares to its investors after the music business’s planned public listing in Amsterdam later this year. Investors will also get the right to acquire a stake in a new vehicle known as a special purpose acquisition rights company, or SPARC.</p>\n<p>As the music industry rebounds from a decadelong slump, Vivendi is cashing in on a boom in subscription music streaming that has inflated the value of its back catalog and a roster of stars including Swift, Drake, U2 and Post Malone. The deal would leave Universal Music with an investment base across the U.S., Europe and Asia. In 2019, a consortium led by China’s Tencent Holdings Ltd. also agreed to buy a stake in Universal Music.</p>\n<p>“After the 20% equity stake acquired by the Consortium led by the Tencent group, the arrival of major American investors provides further evidence of UMG’s global success and attractiveness,” Vivendi said in a separate statement Sunday.</p>\n<p>The transaction is set to close in the coming weeks, and at the latest by Sept. 15, Vivendi said.</p>\n<p>Perella Weinberg Partners advised the board of directors of Pershing Square Tontine.</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>Ackman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nAckman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 07:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.\nAckman’s special purpose ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PSTH":"Pershing Square Tontine Holdings"},"source_url":"https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170361434","content_text":"(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.\nAckman’s special purpose acquisition company, called Pershing Square Tontine Holdings Ltd., said the transaction would value the home of Taylor Swift, Drake and Billie Eilish at 35 billion euros ($42 billion) including debt. The companies reached an agreement despite drawing pushback from Vivendi’s shareholders and disappointment from investors of Pershing Square Tontine.\nSPACs typically pursue mergers with closely held companies, but after this deal, Pershing Square Tontine will remain listed with about $1.5 billion in cash and access to an additional $1.4 billion with the Pershing Square Funds. It will continue to search for a new business combination, according to its statement on Sunday.\nPershing Square Tontine said it intends to distribute the Universal Music shares to its investors after the music business’s planned public listing in Amsterdam later this year. Investors will also get the right to acquire a stake in a new vehicle known as a special purpose acquisition rights company, or SPARC.\nAs the music industry rebounds from a decadelong slump, Vivendi is cashing in on a boom in subscription music streaming that has inflated the value of its back catalog and a roster of stars including Swift, Drake, U2 and Post Malone. The deal would leave Universal Music with an investment base across the U.S., Europe and Asia. In 2019, a consortium led by China’s Tencent Holdings Ltd. also agreed to buy a stake in Universal Music.\n“After the 20% equity stake acquired by the Consortium led by the Tencent group, the arrival of major American investors provides further evidence of UMG’s global success and attractiveness,” Vivendi said in a separate statement Sunday.\nThe transaction is set to close in the coming weeks, and at the latest by Sept. 15, Vivendi said.\nPerella Weinberg Partners advised the board of directors of Pershing Square Tontine.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4919419,"gmtCreate":1624233941661,"gmtModify":1663229543640,"authorId":3585541935596173,"author":{"id":3585541935596173,"authorId":3585541935596173,"name":"clamst","avatar":"https://static.tigerbbs.com/cf5fe2f49dda032a9e4837f83ed372bd","vip":1,"crmLevel":1,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":164485455,"type":1,"supId":4919353,"prevId":0,"content":"<u>Done</u>","text":"<u>Done</u>","html":"<u>Done</u>"},{"id":4919595,"gmtCreate":1624234351673,"gmtModify":1663229543627,"authorId":3562068205677436,"author":{"id":3562068205677436,"authorId":3562068205677436,"name":"Wilson Tan","avatar":"https://static.tigerbbs.com/afe6f718ebee45a3a69d0fdf01d6fef6","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-1","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Elite Trader","description":"Total number of securities or futures transactions reached 30","bigImgUrl":"https://static.tigerbbs.com/ab0f87127c854ce3191a752d57b46edc","smallImgUrl":"https://static.tigerbbs.com/c9835ce48b8c8743566d344ac7a7ba8c","grayImgUrl":"https://static.tigerbbs.com/76754b53ce7a90019f132c1d2fbc698f","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"60.99%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":164485455,"type":1,"supId":0,"prevId":0,"content":"done","text":"done","html":"done"},{"id":4919353,"gmtCreate":1624233752090,"gmtModify":1635305780230,"authorId":3579207760920564,"author":{"id":3579207760920564,"authorId":3579207760920564,"name":"Thengz","avatar":"https://static.tigerbbs.com/eb87a2ba614bf594d49c299bab92466e","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":"80.08%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":8,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":164485455,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":164480562,"gmtCreate":1624233350456,"gmtModify":1703830942840,"author":{"id":"3563447476873161","authorId":"3563447476873161","name":"ongmari","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/164480562","repostId":1170361434,"repostType":4,"repost":{"id":"1170361434","pubTimestamp":1624232134,"share":"https://www.laohu8.com/m/news/1170361434?lang=&edition=full","pubTime":"2021-06-21 07:35","market":"us","language":"en","title":"Ackman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion","url":"https://stock-news.laohu8.com/highlight/detail?id=1170361434","media":"Bloomberg","summary":"(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Univers","content":"<p>(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.</p>\n<p>Ackman’s special purpose acquisition company, called Pershing Square Tontine Holdings Ltd., said the transaction would value the home of Taylor Swift, Drake and Billie Eilish at 35 billion euros ($42 billion) including debt. The companies reached an agreement despite drawing pushback from Vivendi’s shareholders and disappointment from investors of Pershing Square Tontine.</p>\n<p>SPACs typically pursue mergers with closely held companies, but after this deal, Pershing Square Tontine will remain listed with about $1.5 billion in cash and access to an additional $1.4 billion with the Pershing Square Funds. It will continue to search for a new business combination, according to its statement on Sunday.</p>\n<p>Pershing Square Tontine said it intends to distribute the Universal Music shares to its investors after the music business’s planned public listing in Amsterdam later this year. Investors will also get the right to acquire a stake in a new vehicle known as a special purpose acquisition rights company, or SPARC.</p>\n<p>As the music industry rebounds from a decadelong slump, Vivendi is cashing in on a boom in subscription music streaming that has inflated the value of its back catalog and a roster of stars including Swift, Drake, U2 and Post Malone. The deal would leave Universal Music with an investment base across the U.S., Europe and Asia. In 2019, a consortium led by China’s Tencent Holdings Ltd. also agreed to buy a stake in Universal Music.</p>\n<p>“After the 20% equity stake acquired by the Consortium led by the Tencent group, the arrival of major American investors provides further evidence of UMG’s global success and attractiveness,” Vivendi said in a separate statement Sunday.</p>\n<p>The transaction is set to close in the coming weeks, and at the latest by Sept. 15, Vivendi said.</p>\n<p>Perella Weinberg Partners advised the board of directors of Pershing Square Tontine.</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>Ackman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nAckman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 07:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.\nAckman’s special purpose ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PSTH":"Pershing Square Tontine Holdings"},"source_url":"https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170361434","content_text":"(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.\nAckman’s special purpose acquisition company, called Pershing Square Tontine Holdings Ltd., said the transaction would value the home of Taylor Swift, Drake and Billie Eilish at 35 billion euros ($42 billion) including debt. The companies reached an agreement despite drawing pushback from Vivendi’s shareholders and disappointment from investors of Pershing Square Tontine.\nSPACs typically pursue mergers with closely held companies, but after this deal, Pershing Square Tontine will remain listed with about $1.5 billion in cash and access to an additional $1.4 billion with the Pershing Square Funds. It will continue to search for a new business combination, according to its statement on Sunday.\nPershing Square Tontine said it intends to distribute the Universal Music shares to its investors after the music business’s planned public listing in Amsterdam later this year. Investors will also get the right to acquire a stake in a new vehicle known as a special purpose acquisition rights company, or SPARC.\nAs the music industry rebounds from a decadelong slump, Vivendi is cashing in on a boom in subscription music streaming that has inflated the value of its back catalog and a roster of stars including Swift, Drake, U2 and Post Malone. The deal would leave Universal Music with an investment base across the U.S., Europe and Asia. In 2019, a consortium led by China’s Tencent Holdings Ltd. also agreed to buy a stake in Universal Music.\n“After the 20% equity stake acquired by the Consortium led by the Tencent group, the arrival of major American investors provides further evidence of UMG’s global success and attractiveness,” Vivendi said in a separate statement Sunday.\nThe transaction is set to close in the coming weeks, and at the latest by Sept. 15, Vivendi said.\nPerella Weinberg Partners advised the board of directors of Pershing Square Tontine.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4919289,"gmtCreate":1624233555925,"gmtModify":1663229540842,"authorId":3579641974902127,"author":{"id":3579641974902127,"authorId":3579641974902127,"name":"ivy888","avatar":"https://static.tigerbbs.com/10358949b7fc96b011ec29ca7fd9c9a4","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":164480562,"type":1,"supId":0,"prevId":0,"content":"<u>done</u>","text":"<u>done</u>","html":"<u>done</u>"},{"id":4919469,"gmtCreate":1624234060061,"gmtModify":1663229540246,"authorId":3555914646523682,"author":{"id":3555914646523682,"authorId":3555914646523682,"name":"nayoowin","avatar":"https://static.tigerbbs.com/15f0b006a5a32255f437afc5e32b6b80","vip":1,"currentWearingBadge":{"badgeId":"cbe1c45c584340f3bd9ae6c77e0e9981-1","templateUuid":"cbe1c45c584340f3bd9ae6c77e0e9981","name":"Academy Experiencer","description":"5 lessons learned","bigImgUrl":"https://community-static.tradeup.com/news/fb5ae275631fb96a92d475cdc85d2302","smallImgUrl":"https://community-static.tradeup.com/news/c2660a1935bd2105e97c9915619936c3","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.05.10","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":2006},"crmLevel":9,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":164480562,"type":1,"supId":4919289,"prevId":0,"content":"<u>great</u>","text":"<u>great</u>","html":"<u>great</u>"}],"langContent":"EN"},{"id":164412655,"gmtCreate":1624233239477,"gmtModify":1703830937505,"author":{"id":"3582029020196512","authorId":"3582029020196512","name":"HOME RUN","avatar":"https://static.tigerbbs.com/60421702b647e5c5156fa081ca9a26ff","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":5,"crmLevelSwitch":0},"htmlText":"Pls like and comment.thx","listText":"Pls like and comment.thx","text":"Pls like and comment.thx","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/164412655","repostId":1170361434,"repostType":4,"repost":{"id":"1170361434","pubTimestamp":1624232134,"share":"https://www.laohu8.com/m/news/1170361434?lang=&edition=full","pubTime":"2021-06-21 07:35","market":"us","language":"en","title":"Ackman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion","url":"https://stock-news.laohu8.com/highlight/detail?id=1170361434","media":"Bloomberg","summary":"(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Univers","content":"<p>(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.</p>\n<p>Ackman’s special purpose acquisition company, called Pershing Square Tontine Holdings Ltd., said the transaction would value the home of Taylor Swift, Drake and Billie Eilish at 35 billion euros ($42 billion) including debt. The companies reached an agreement despite drawing pushback from Vivendi’s shareholders and disappointment from investors of Pershing Square Tontine.</p>\n<p>SPACs typically pursue mergers with closely held companies, but after this deal, Pershing Square Tontine will remain listed with about $1.5 billion in cash and access to an additional $1.4 billion with the Pershing Square Funds. It will continue to search for a new business combination, according to its statement on Sunday.</p>\n<p>Pershing Square Tontine said it intends to distribute the Universal Music shares to its investors after the music business’s planned public listing in Amsterdam later this year. Investors will also get the right to acquire a stake in a new vehicle known as a special purpose acquisition rights company, or SPARC.</p>\n<p>As the music industry rebounds from a decadelong slump, Vivendi is cashing in on a boom in subscription music streaming that has inflated the value of its back catalog and a roster of stars including Swift, Drake, U2 and Post Malone. The deal would leave Universal Music with an investment base across the U.S., Europe and Asia. In 2019, a consortium led by China’s Tencent Holdings Ltd. also agreed to buy a stake in Universal Music.</p>\n<p>“After the 20% equity stake acquired by the Consortium led by the Tencent group, the arrival of major American investors provides further evidence of UMG’s global success and attractiveness,” Vivendi said in a separate statement Sunday.</p>\n<p>The transaction is set to close in the coming weeks, and at the latest by Sept. 15, Vivendi said.</p>\n<p>Perella Weinberg Partners advised the board of directors of Pershing Square Tontine.</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>Ackman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nAckman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 07:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.\nAckman’s special purpose ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PSTH":"Pershing Square Tontine Holdings"},"source_url":"https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170361434","content_text":"(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.\nAckman’s special purpose acquisition company, called Pershing Square Tontine Holdings Ltd., said the transaction would value the home of Taylor Swift, Drake and Billie Eilish at 35 billion euros ($42 billion) including debt. The companies reached an agreement despite drawing pushback from Vivendi’s shareholders and disappointment from investors of Pershing Square Tontine.\nSPACs typically pursue mergers with closely held companies, but after this deal, Pershing Square Tontine will remain listed with about $1.5 billion in cash and access to an additional $1.4 billion with the Pershing Square Funds. It will continue to search for a new business combination, according to its statement on Sunday.\nPershing Square Tontine said it intends to distribute the Universal Music shares to its investors after the music business’s planned public listing in Amsterdam later this year. Investors will also get the right to acquire a stake in a new vehicle known as a special purpose acquisition rights company, or SPARC.\nAs the music industry rebounds from a decadelong slump, Vivendi is cashing in on a boom in subscription music streaming that has inflated the value of its back catalog and a roster of stars including Swift, Drake, U2 and Post Malone. The deal would leave Universal Music with an investment base across the U.S., Europe and Asia. In 2019, a consortium led by China’s Tencent Holdings Ltd. also agreed to buy a stake in Universal Music.\n“After the 20% equity stake acquired by the Consortium led by the Tencent group, the arrival of major American investors provides further evidence of UMG’s global success and attractiveness,” Vivendi said in a separate statement Sunday.\nThe transaction is set to close in the coming weeks, and at the latest by Sept. 15, Vivendi said.\nPerella Weinberg Partners advised the board of directors of Pershing Square Tontine.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4919198,"gmtCreate":1624233347555,"gmtModify":1663229540243,"authorId":3568795661912400,"author":{"id":3568795661912400,"authorId":3568795661912400,"name":"Ash1285","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":164412655,"type":1,"supId":0,"prevId":0,"content":"Yes","text":"Yes","html":"Yes"},{"id":4919211,"gmtCreate":1624233382466,"gmtModify":1663229538827,"authorId":3550435859846504,"author":{"id":3550435859846504,"authorId":3550435859846504,"name":"KTC","avatar":"https://static.tigerbbs.com/3623e77f867273576bf9781b05f7bf6c","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":164412655,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":164416084,"gmtCreate":1624233208448,"gmtModify":1703830935232,"author":{"id":"3579342217954724","authorId":"3579342217954724","name":"手可摘棉花","avatar":"https://static.tigerbbs.com/eb5d81ca4420febc27175fcd21eb90b2","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"So many spac deals these days..","listText":"So many spac deals these days..","text":"So many spac deals these days..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/164416084","repostId":1170361434,"repostType":4,"repost":{"id":"1170361434","pubTimestamp":1624232134,"share":"https://www.laohu8.com/m/news/1170361434?lang=&edition=full","pubTime":"2021-06-21 07:35","market":"us","language":"en","title":"Ackman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion","url":"https://stock-news.laohu8.com/highlight/detail?id=1170361434","media":"Bloomberg","summary":"(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Univers","content":"<p>(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.</p>\n<p>Ackman’s special purpose acquisition company, called Pershing Square Tontine Holdings Ltd., said the transaction would value the home of Taylor Swift, Drake and Billie Eilish at 35 billion euros ($42 billion) including debt. The companies reached an agreement despite drawing pushback from Vivendi’s shareholders and disappointment from investors of Pershing Square Tontine.</p>\n<p>SPACs typically pursue mergers with closely held companies, but after this deal, Pershing Square Tontine will remain listed with about $1.5 billion in cash and access to an additional $1.4 billion with the Pershing Square Funds. It will continue to search for a new business combination, according to its statement on Sunday.</p>\n<p>Pershing Square Tontine said it intends to distribute the Universal Music shares to its investors after the music business’s planned public listing in Amsterdam later this year. Investors will also get the right to acquire a stake in a new vehicle known as a special purpose acquisition rights company, or SPARC.</p>\n<p>As the music industry rebounds from a decadelong slump, Vivendi is cashing in on a boom in subscription music streaming that has inflated the value of its back catalog and a roster of stars including Swift, Drake, U2 and Post Malone. The deal would leave Universal Music with an investment base across the U.S., Europe and Asia. In 2019, a consortium led by China’s Tencent Holdings Ltd. also agreed to buy a stake in Universal Music.</p>\n<p>“After the 20% equity stake acquired by the Consortium led by the Tencent group, the arrival of major American investors provides further evidence of UMG’s global success and attractiveness,” Vivendi said in a separate statement Sunday.</p>\n<p>The transaction is set to close in the coming weeks, and at the latest by Sept. 15, Vivendi said.</p>\n<p>Perella Weinberg Partners advised the board of directors of Pershing Square Tontine.</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>Ackman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nAckman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 07:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.\nAckman’s special purpose ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PSTH":"Pershing Square Tontine Holdings"},"source_url":"https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170361434","content_text":"(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.\nAckman’s special purpose acquisition company, called Pershing Square Tontine Holdings Ltd., said the transaction would value the home of Taylor Swift, Drake and Billie Eilish at 35 billion euros ($42 billion) including debt. The companies reached an agreement despite drawing pushback from Vivendi’s shareholders and disappointment from investors of Pershing Square Tontine.\nSPACs typically pursue mergers with closely held companies, but after this deal, Pershing Square Tontine will remain listed with about $1.5 billion in cash and access to an additional $1.4 billion with the Pershing Square Funds. It will continue to search for a new business combination, according to its statement on Sunday.\nPershing Square Tontine said it intends to distribute the Universal Music shares to its investors after the music business’s planned public listing in Amsterdam later this year. Investors will also get the right to acquire a stake in a new vehicle known as a special purpose acquisition rights company, or SPARC.\nAs the music industry rebounds from a decadelong slump, Vivendi is cashing in on a boom in subscription music streaming that has inflated the value of its back catalog and a roster of stars including Swift, Drake, U2 and Post Malone. The deal would leave Universal Music with an investment base across the U.S., Europe and Asia. In 2019, a consortium led by China’s Tencent Holdings Ltd. also agreed to buy a stake in Universal Music.\n“After the 20% equity stake acquired by the Consortium led by the Tencent group, the arrival of major American investors provides further evidence of UMG’s global success and attractiveness,” Vivendi said in a separate statement Sunday.\nThe transaction is set to close in the coming weeks, and at the latest by Sept. 15, Vivendi said.\nPerella Weinberg Partners advised the board of directors of Pershing Square Tontine.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":164434515,"gmtCreate":1624232971137,"gmtModify":1703830926155,"author":{"id":"3576743360399762","authorId":"3576743360399762","name":"PooYen","avatar":"https://static.tigerbbs.com/90f2bad6620330727869f3a5a51a046a","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Please like and comment. Thanks. [Smile] [Happy] [LOL] [Smile] [Happy]&nbsp;","listText":"Please like and comment. Thanks. [Smile] [Happy] [LOL] [Smile] [Happy]&nbsp;","text":"Please like and comment. Thanks. [Smile] [Happy] [LOL] [Smile] [Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/164434515","repostId":1170361434,"repostType":4,"repost":{"id":"1170361434","pubTimestamp":1624232134,"share":"https://www.laohu8.com/m/news/1170361434?lang=&edition=full","pubTime":"2021-06-21 07:35","market":"us","language":"en","title":"Ackman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion","url":"https://stock-news.laohu8.com/highlight/detail?id=1170361434","media":"Bloomberg","summary":"(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Univers","content":"<p>(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.</p>\n<p>Ackman’s special purpose acquisition company, called Pershing Square Tontine Holdings Ltd., said the transaction would value the home of Taylor Swift, Drake and Billie Eilish at 35 billion euros ($42 billion) including debt. The companies reached an agreement despite drawing pushback from Vivendi’s shareholders and disappointment from investors of Pershing Square Tontine.</p>\n<p>SPACs typically pursue mergers with closely held companies, but after this deal, Pershing Square Tontine will remain listed with about $1.5 billion in cash and access to an additional $1.4 billion with the Pershing Square Funds. It will continue to search for a new business combination, according to its statement on Sunday.</p>\n<p>Pershing Square Tontine said it intends to distribute the Universal Music shares to its investors after the music business’s planned public listing in Amsterdam later this year. Investors will also get the right to acquire a stake in a new vehicle known as a special purpose acquisition rights company, or SPARC.</p>\n<p>As the music industry rebounds from a decadelong slump, Vivendi is cashing in on a boom in subscription music streaming that has inflated the value of its back catalog and a roster of stars including Swift, Drake, U2 and Post Malone. The deal would leave Universal Music with an investment base across the U.S., Europe and Asia. In 2019, a consortium led by China’s Tencent Holdings Ltd. also agreed to buy a stake in Universal Music.</p>\n<p>“After the 20% equity stake acquired by the Consortium led by the Tencent group, the arrival of major American investors provides further evidence of UMG’s global success and attractiveness,” Vivendi said in a separate statement Sunday.</p>\n<p>The transaction is set to close in the coming weeks, and at the latest by Sept. 15, Vivendi said.</p>\n<p>Perella Weinberg Partners advised the board of directors of Pershing Square Tontine.</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>Ackman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nAckman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 07:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.\nAckman’s special purpose ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PSTH":"Pershing Square Tontine Holdings"},"source_url":"https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170361434","content_text":"(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.\nAckman’s special purpose acquisition company, called Pershing Square Tontine Holdings Ltd., said the transaction would value the home of Taylor Swift, Drake and Billie Eilish at 35 billion euros ($42 billion) including debt. The companies reached an agreement despite drawing pushback from Vivendi’s shareholders and disappointment from investors of Pershing Square Tontine.\nSPACs typically pursue mergers with closely held companies, but after this deal, Pershing Square Tontine will remain listed with about $1.5 billion in cash and access to an additional $1.4 billion with the Pershing Square Funds. It will continue to search for a new business combination, according to its statement on Sunday.\nPershing Square Tontine said it intends to distribute the Universal Music shares to its investors after the music business’s planned public listing in Amsterdam later this year. Investors will also get the right to acquire a stake in a new vehicle known as a special purpose acquisition rights company, or SPARC.\nAs the music industry rebounds from a decadelong slump, Vivendi is cashing in on a boom in subscription music streaming that has inflated the value of its back catalog and a roster of stars including Swift, Drake, U2 and Post Malone. The deal would leave Universal Music with an investment base across the U.S., Europe and Asia. In 2019, a consortium led by China’s Tencent Holdings Ltd. also agreed to buy a stake in Universal Music.\n“After the 20% equity stake acquired by the Consortium led by the Tencent group, the arrival of major American investors provides further evidence of UMG’s global success and attractiveness,” Vivendi said in a separate statement Sunday.\nThe transaction is set to close in the coming weeks, and at the latest by Sept. 15, Vivendi said.\nPerella Weinberg Partners advised the board of directors of Pershing Square Tontine.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4919144,"gmtCreate":1624233227290,"gmtModify":1663229541049,"authorId":3582029020196512,"author":{"id":3582029020196512,"authorId":3582029020196512,"name":"HOME RUN","avatar":"https://static.tigerbbs.com/60421702b647e5c5156fa081ca9a26ff","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":"2024.01.16","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":164434515,"type":1,"supId":0,"prevId":0,"content":"pls reply","text":"pls reply","html":"pls reply"}],"langContent":"EN"},{"id":164436889,"gmtCreate":1624232853041,"gmtModify":1703830922562,"author":{"id":"3581890280369523","authorId":"3581890280369523","name":"sohadeline","avatar":"https://static.tigerbbs.com/19da53f7b9a8ff8d0b015c5f5adc0982","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"&nbsp;like ??&nbsp;","listText":"&nbsp;like ??&nbsp;","text":"like ??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/164436889","repostId":1170361434,"repostType":4,"repost":{"id":"1170361434","pubTimestamp":1624232134,"share":"https://www.laohu8.com/m/news/1170361434?lang=&edition=full","pubTime":"2021-06-21 07:35","market":"us","language":"en","title":"Ackman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion","url":"https://stock-news.laohu8.com/highlight/detail?id=1170361434","media":"Bloomberg","summary":"(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Univers","content":"<p>(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.</p>\n<p>Ackman’s special purpose acquisition company, called Pershing Square Tontine Holdings Ltd., said the transaction would value the home of Taylor Swift, Drake and Billie Eilish at 35 billion euros ($42 billion) including debt. The companies reached an agreement despite drawing pushback from Vivendi’s shareholders and disappointment from investors of Pershing Square Tontine.</p>\n<p>SPACs typically pursue mergers with closely held companies, but after this deal, Pershing Square Tontine will remain listed with about $1.5 billion in cash and access to an additional $1.4 billion with the Pershing Square Funds. It will continue to search for a new business combination, according to its statement on Sunday.</p>\n<p>Pershing Square Tontine said it intends to distribute the Universal Music shares to its investors after the music business’s planned public listing in Amsterdam later this year. Investors will also get the right to acquire a stake in a new vehicle known as a special purpose acquisition rights company, or SPARC.</p>\n<p>As the music industry rebounds from a decadelong slump, Vivendi is cashing in on a boom in subscription music streaming that has inflated the value of its back catalog and a roster of stars including Swift, Drake, U2 and Post Malone. The deal would leave Universal Music with an investment base across the U.S., Europe and Asia. In 2019, a consortium led by China’s Tencent Holdings Ltd. also agreed to buy a stake in Universal Music.</p>\n<p>“After the 20% equity stake acquired by the Consortium led by the Tencent group, the arrival of major American investors provides further evidence of UMG’s global success and attractiveness,” Vivendi said in a separate statement Sunday.</p>\n<p>The transaction is set to close in the coming weeks, and at the latest by Sept. 15, Vivendi said.</p>\n<p>Perella Weinberg Partners advised the board of directors of Pershing Square Tontine.</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>Ackman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nAckman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 07:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.\nAckman’s special purpose ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PSTH":"Pershing Square Tontine Holdings"},"source_url":"https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170361434","content_text":"(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.\nAckman’s special purpose acquisition company, called Pershing Square Tontine Holdings Ltd., said the transaction would value the home of Taylor Swift, Drake and Billie Eilish at 35 billion euros ($42 billion) including debt. The companies reached an agreement despite drawing pushback from Vivendi’s shareholders and disappointment from investors of Pershing Square Tontine.\nSPACs typically pursue mergers with closely held companies, but after this deal, Pershing Square Tontine will remain listed with about $1.5 billion in cash and access to an additional $1.4 billion with the Pershing Square Funds. It will continue to search for a new business combination, according to its statement on Sunday.\nPershing Square Tontine said it intends to distribute the Universal Music shares to its investors after the music business’s planned public listing in Amsterdam later this year. Investors will also get the right to acquire a stake in a new vehicle known as a special purpose acquisition rights company, or SPARC.\nAs the music industry rebounds from a decadelong slump, Vivendi is cashing in on a boom in subscription music streaming that has inflated the value of its back catalog and a roster of stars including Swift, Drake, U2 and Post Malone. The deal would leave Universal Music with an investment base across the U.S., Europe and Asia. In 2019, a consortium led by China’s Tencent Holdings Ltd. also agreed to buy a stake in Universal Music.\n“After the 20% equity stake acquired by the Consortium led by the Tencent group, the arrival of major American investors provides further evidence of UMG’s global success and attractiveness,” Vivendi said in a separate statement Sunday.\nThe transaction is set to close in the coming weeks, and at the latest by Sept. 15, Vivendi said.\nPerella Weinberg Partners advised the board of directors of Pershing Square Tontine.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":164438394,"gmtCreate":1624232771318,"gmtModify":1703830920784,"author":{"id":"3582015516749888","authorId":"3582015516749888","name":"HH浩","avatar":"https://static.tigerbbs.com/2639351c97027c6f71c4d9729ef216d8","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Pls like and comment","listText":"Pls like and comment","text":"Pls like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/164438394","repostId":1170361434,"repostType":4,"repost":{"id":"1170361434","pubTimestamp":1624232134,"share":"https://www.laohu8.com/m/news/1170361434?lang=&edition=full","pubTime":"2021-06-21 07:35","market":"us","language":"en","title":"Ackman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion","url":"https://stock-news.laohu8.com/highlight/detail?id=1170361434","media":"Bloomberg","summary":"(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Univers","content":"<p>(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.</p>\n<p>Ackman’s special purpose acquisition company, called Pershing Square Tontine Holdings Ltd., said the transaction would value the home of Taylor Swift, Drake and Billie Eilish at 35 billion euros ($42 billion) including debt. The companies reached an agreement despite drawing pushback from Vivendi’s shareholders and disappointment from investors of Pershing Square Tontine.</p>\n<p>SPACs typically pursue mergers with closely held companies, but after this deal, Pershing Square Tontine will remain listed with about $1.5 billion in cash and access to an additional $1.4 billion with the Pershing Square Funds. It will continue to search for a new business combination, according to its statement on Sunday.</p>\n<p>Pershing Square Tontine said it intends to distribute the Universal Music shares to its investors after the music business’s planned public listing in Amsterdam later this year. Investors will also get the right to acquire a stake in a new vehicle known as a special purpose acquisition rights company, or SPARC.</p>\n<p>As the music industry rebounds from a decadelong slump, Vivendi is cashing in on a boom in subscription music streaming that has inflated the value of its back catalog and a roster of stars including Swift, Drake, U2 and Post Malone. The deal would leave Universal Music with an investment base across the U.S., Europe and Asia. In 2019, a consortium led by China’s Tencent Holdings Ltd. also agreed to buy a stake in Universal Music.</p>\n<p>“After the 20% equity stake acquired by the Consortium led by the Tencent group, the arrival of major American investors provides further evidence of UMG’s global success and attractiveness,” Vivendi said in a separate statement Sunday.</p>\n<p>The transaction is set to close in the coming weeks, and at the latest by Sept. 15, Vivendi said.</p>\n<p>Perella Weinberg Partners advised the board of directors of Pershing Square Tontine.</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>Ackman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nAckman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 07:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.\nAckman’s special purpose ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PSTH":"Pershing Square Tontine Holdings"},"source_url":"https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170361434","content_text":"(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.\nAckman’s special purpose acquisition company, called Pershing Square Tontine Holdings Ltd., said the transaction would value the home of Taylor Swift, Drake and Billie Eilish at 35 billion euros ($42 billion) including debt. The companies reached an agreement despite drawing pushback from Vivendi’s shareholders and disappointment from investors of Pershing Square Tontine.\nSPACs typically pursue mergers with closely held companies, but after this deal, Pershing Square Tontine will remain listed with about $1.5 billion in cash and access to an additional $1.4 billion with the Pershing Square Funds. It will continue to search for a new business combination, according to its statement on Sunday.\nPershing Square Tontine said it intends to distribute the Universal Music shares to its investors after the music business’s planned public listing in Amsterdam later this year. Investors will also get the right to acquire a stake in a new vehicle known as a special purpose acquisition rights company, or SPARC.\nAs the music industry rebounds from a decadelong slump, Vivendi is cashing in on a boom in subscription music streaming that has inflated the value of its back catalog and a roster of stars including Swift, Drake, U2 and Post Malone. The deal would leave Universal Music with an investment base across the U.S., Europe and Asia. In 2019, a consortium led by China’s Tencent Holdings Ltd. also agreed to buy a stake in Universal Music.\n“After the 20% equity stake acquired by the Consortium led by the Tencent group, the arrival of major American investors provides further evidence of UMG’s global success and attractiveness,” Vivendi said in a separate statement Sunday.\nThe transaction is set to close in the coming weeks, and at the latest by Sept. 15, Vivendi said.\nPerella Weinberg Partners advised the board of directors of Pershing Square Tontine.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":154,"commentSize":29,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}