Pershing Square Capital Management founder Bill Ackman, has placed the success of his proposed $64bn bid for Universal Music Group heavily on the position of French billionaire Vincent Bolloré, the company’s largest influential shareholder, according to a report by the Financial Times.
Ackman said his initial outreach ahead of the proposal included direct contact with Bolloré, describing the response from his camp as cautiously receptive. Bolloré and entities linked to him control just under a t...
Continue Reading
Sign up for FREE to read the full article and access 129K+ alternative investment headlines.
Alternative Investment News