Bill Ackman’s Pershing Square to Exit Universal Music Stake - Bloomberg

Bill Ackman’s Pershing Square to Exit Universal Music Stake  Bloomberg

Bill Ackman sees investors repeating a mistake of 2000: Flocking to the ‘new new’ and ignoring quality names

Billionaire hedge-fund manager Bill Ackman says investors are ignoring Microsoft and other Big Tech names for the sake of the “new new thing,” like chip stocks.

By Barbara Kollmeyer

Bill Ackman to Sell Remaining Universal Music Stock After Failed Acquisition Bid

The sale will end a tumultuous five-year relationship between Ackman and the world's largest music company.

By Ethan Millman

Universal Music repurchases €250M of shares as Bill Ackman's Pershing Square unwinds position

Bill Ackman to Sell Remainder of UMG Stock After Pershing Square’s Failed Acquisition Bid

The move comes less than a week after UMG's board declined the hedge fund investor's offer.

By Chris Eggertsen