Bill Ackman’s SPAC in talks to buy 10% stake in Universal Music

In an announcement on Friday, Bill Ackman’s Pershing Square Tontine Holdings Ltd (NYSE: PSTH) confirmed it was in talks to get a 10% stake in Universal Music Group for roughly $4 billion (£2.82 billion), which will be the biggest investment ever by a blank check company. The deal values the Santa Monica-based music corporation at […]