-

Pershing Square Acquires Initial Stake in Universal Music Group

LONDON--(BUSINESS WIRE)--Regulatory News:

Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) (NA:PSH) today announced that Pershing Square Holdings Ltd., Pershing Square L.P., and Pershing Square International Ltd., through an affiliated entity, have acquired 128,555,017 Ordinary Shares of Universal Music Group (UMG), representing 7.1% of the company from Vivendi S.E. for approximately $21.78 per share (or €18.58 per share at today’s exchange rate). The total cash consideration of $2.8 billion represents an equity value for UMG of €33 billion. PSH’s share of the cash consideration is approximately $2.5 billion.

PSH and its affiliates have the right to acquire up to an additional 2.9% of UMG’s Ordinary Shares at the same price per share by September 9, 2021, which right Pershing Square intends to exercise.

About Pershing Square Holdings, Ltd.

Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) (NA:PSH) is an investment holding company structured as a closed-ended fund.

Category: (PSH:Investments)

Contacts

Media
Camarco
Ed Gascoigne-Pees / Julia Tilley +44 (0)20 3781 8339, media-pershingsquareholdings@camarco.co.uk

Pershing Square Holdings, Ltd.

AEX:PSH
Release Versions
English

Contacts

Media
Camarco
Ed Gascoigne-Pees / Julia Tilley +44 (0)20 3781 8339, media-pershingsquareholdings@camarco.co.uk

More News From Pershing Square Holdings, Ltd.

Pershing Square Holdings, Ltd. Announces Additional Share Buyback Program of $100,000,000

LONDON--(BUSINESS WIRE)--Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) today announced a share buyback program (the “Program”) for $100,000,000 of PSH’s outstanding Public Shares on the London Stock Exchange. The Program is expected to be accretive to NAV per share and will reduce PSH’s capital. Since PSH commenced its first share buyback program on 2 May 2017, PSH has repurchased 74,924,531 PSH Public Shares for a total of $1.9 billion at an average price of $24.99. Jefferies International...

Pershing Square Holdings, Ltd. UK Regulatory Announcement: Director Declaration

LONDON--(BUSINESS WIRE)--  Pershing Square Holdings, Ltd. Provides Director Declaration – UKLR 6.4.9R In accordance with UKLR 6.4.9R, Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) today notes that PSH Board member Halit Coussin is a director of Pershing Square Inc. (NYSE: PS) which became a publicly quoted company following the commencement of trading of its shares on the New York Stock Exchange on 29 April 2026 and the closing of its initial public offering on 30 April 2026. Halit Coussin...

Pershing Square Holdings, Ltd. UK Regulatory Announcement: Net Asset Value(s)

LONDON--(BUSINESS WIRE)--  Pershing Square Holdings, Ltd. Releases Regular Weekly Net Asset Value and Year-To-Date Return As Of 12 May 2026 London, 13 May 2026 //- Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) today released its regular weekly Net Asset Value (“NAV”) and performance returns on its website, https://pershingsquareholdings.com/performance/net-asset-value-and-returns/. The NAV and returns were computed as of the close of business on Tuesday, 12 May 2026. PSH NAV per share as of...
Back to Newsroom