Vivendi Sells Stake in Universal Music Group to Bill Ackman's Pershing Square
Vivendi has reached a deal with Bill Ackman's Pershing Square to sell a 10% stake in Universal Music Group, a transaction that values the world's largest music company at $40 billion. In Vivendi's announcement, which came at the strange hour of 2 p.m. ET on Fathers Day, apparently to capture a time when the global […]