Pershing Square Tontine Holdings Ltd.
said it has decided not to buy a 10% stake in Universal Music Group and will assign its share-purchase deal to Pershing Square Holdings Ltd.
said it approved Pershing Square Tontine’s request to assign its rights and obligations under a June 20 agreement to investment funds with significant economic interests or management positions held by
On June 20, Pershing Square Tontine agreed to buy 10% of the ordinary shares of Universal Music in a deal valuing the world’s largest music company at about $40 billion.
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