#Universal Music Group’s shares jump in stock market debut

#Universal Music Group’s shares jump in stock market debut

“#Universal Music Group’s shares jump in stock market debut” Shares of Universal Music Group soared more than 35 percent in the company’s stock market debut in Europe’s largest listing of the year to date. The world’s biggest record label, which represents musicians like Lady Gaga, Taylor Swift and Billie Eilish, traded around $29.32 a share…

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#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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#Red Hot Chili Peppers to sell song catalog for 0M: report

#Red Hot Chili Peppers to sell song catalog for $140M: report

“#Red Hot Chili Peppers to sell song catalog for $140M: report” The Red Hot Chili Peppers are reportedly selling the rights to their song catalog — which includes hits like “Under the Bridge,” “Give It Away” and “Californication” — for $140 million. The Anthony Kiedis-fronted band is selling the publishing rights to its songs to…

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