Since the summer of 2020, Ackman has been on the hunt for a large company to merge with his SPAC and take public. Last fall, Ackman kicked the tires on businesses like financial data company Bloomberg, and was reportedly interested in fintech Stripe, but no deals ever culminated.
Once stagnant, the music publishing business has boomed in recent years due to the rise of streaming media platforms like Spotify and Tencent Music, generating growing revenues for publishers and artists. As streaming media went mainstream, large incumbent players like Universal struck partnerships with newer streaming media companies, and even taking on the likes of Tencent as investors.
Universal is tied to a lot I can see why 40 billon
Of course he is 😂
Good luck on getting that $40B valuation to stick.
good luck
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