That didn’t take long: Bill Ackman’s Pershing Square has officially offloaded its Universal Music Group (UMG) stock, and the major label itself has purchased about 14.2 million of the shares. Universal Music disclosed the buyback this morning, moments after Pershing unveiled plan…
LineupFirst reported 5 jun, 01:00 / 1 outlet
Bill Ackman’s Pershing Square Officially Sells Its ‘Entire’ Universal Music Position — UMG Buys Back 14.2 Million Shares
Single-source story
Digital Music News is the only tracked outlet reporting this. Read it at the source below.
Only one tracked outlet has this. Le Raver links to it rather than summarising it.
Coverage breakdown
1 source
1 original reporting
0 ran the press release
How this story was covered
1 tracked outlet has reported this story, first published 5 Jun, 01:00. Digital Music News published first among the outlets Le Raver tracks. The one report Le Raver has classified carried original reporting. That is 1 of the 26 outlets Le Raver tracks. No other tracked outlet has covered it, so this page links out rather than summarising it.
How it unfolded
- 5 Jun, 01:00Digital Music NewsFirstBill Ackman’s Pershing Square Officially Sells Its ‘Entire’ Universal Music Position — UMG Buys Back 14.2 Million Shares
The lineup
No lineup is on file for Universal Music Group yet. Le Raver stores a bill only when it can cite a public source for it, so the coverage below is the record for now.