Ackman's Pershing To Raise 14 Billion In Umg Stake Sale

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A group of Universal Music Group NV shareholders affiliated with billionaire Bill Ackman's hedge fund Pershing Square is set to raise about �1.3 billion ($1.4 billion) from the sale of about a 2.7% stake in the world's largest music company.

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Ackman's Pershing To Raise $1.4 Billion In Umg Stake Sale