#Vivendi shareholders back spinoff of Universal Music Group

#Vivendi shareholders back spinoff of Universal Music Group

“#Vivendi shareholders back spinoff of Universal Music Group” Vivendi shareholders overwhelmingly backed the spinoff of its lucrative Universal Music Group, home to recording artists like Taylor Swift, Lady Gaga and Ed Sheeran. With more than 99 percent approval, shareholders on Tuesday voted in favor of the plan to distribute 60 percent of UMG’s shares to…

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#Pershing Square in talks to buy 10 percent of Universal Music

#Pershing Square in talks to buy 10 percent of Universal Music

“#Pershing Square in talks to buy 10 percent of Universal Music” Billionaire investor Bill Ackman confirmed Friday that his blank-check company Pershing Square Tontine Holdings is in talks to buy a 10-percent stake of Universal Music Group for about $4 billion. The transaction would value the Vivendi-owned Universal Music, which is the home to singers…

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#SEC opens inquiry into Wall Street’s blank check IPO frenzy

#SEC opens inquiry into Wall Street’s blank check IPO frenzy

“#SEC opens inquiry into Wall Street’s blank check IPO frenzy” The Securities and Exchange Commission has opened an inquiry into Wall Street’s blank check acquisition frenzy and is seeking information on how underwriters are managing the risks involved, said four people with direct knowledge of the matter. The SEC in recent days sent letters to…

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#Pornhub parent owned by shadowy businessman Bernard Bergemar

#Pornhub parent owned by shadowy businessman Bernard Bergemar

“#Pornhub parent owned by shadowy businessman Bernard Bergemar” The world’s most powerful internet porn company is owned by a shadowy businessman who barely exists online, a new report says. Bernard Bergemar is the biggest owner of MindGeek, the Luxembourg-based conglomerate behind popular porn sites such as Pornhub, YouPorn and Brazzers, a Financial Times investigation found….

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