|Bid||19.70 x 1800|
|Ask||19.73 x 4000|
|Day's range||19.69 - 19.74|
|52-week range||19.54 - 34.10|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Julie Hyman breaks down Monday's business headlines, including: Bill Ackman's Pershing Square deal for a 10% stake of UMG falling apart, the Olympics facing added challenges as more athletes continue to test positive for COVID days before the opening ceremony, and Michael Taylor, an accomplice in Carlos Ghosn's escape from Japan receiving two years in prison.
(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.Ackman’s special purpose acquisition company, called Pershing Square Tontine Holdings Ltd., said the transaction would value the home of Taylor Swift, Drake and Billie Eilish at 35 billion euros ($42 billion) including debt. The companies reached an agreement despite drawing pushback from Vivendi’s shareholders and disappoint
Bill Ackman’s Pershing Square has confirmed it is in talks to buy a 10% stake in Universal Music Group. Yahoo Finance’s Adam Shapiro and Julia La Roche discuss.