From Pershing Square’s $64 billion bid for UMG to Wireless Festival’s Kanye West cancellation… it’s MBW’s weekly round-up

This week, Bill Ackman’s Pershing Square submitted a non-binding proposal to acquire Universal Music Group in a deal worth approximately $64 billion — with Ackman telling investors he expects “overwhelming shareholder support”, while JP Morgan analysts expressed skepticism that key stakeholder Bolloré would back the transaction. Meanwhile, Udio signed a licensing agreement with Kobalt, marking … Continued

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