-

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. UK Regulatory Announcement: Net Asset Value(s)

LONDON--(BUSINESS WIRE)--  Pershing Square Holdings, Ltd. Releases Monthly Net Asset Value and Performance Report for August 2026 Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) today released the following regular monthly Net Asset Value (NAV) and Performance Report for the month of August 2026. The information has also been posted to the PSH website, www.pershingsquareholdings.com. Monthly net asset value and performance are calculated at the close of business on the last business day of th...

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 25 August 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, 25 August 2026. PSH NAV per share as of close of business...

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 18 August 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, 18 August 2026. PSH NAV per share as of close of business...
Back to Newsroom