Bill Ackman tries to make music and money mix with €55bn Universal bid
Billionaire hedge fund manager’s pursuit reignites debate about ‘financialisation’ of music industry
Billionaire hedge fund manager’s pursuit reignites debate about ‘financialisation’ of music industry

The hedge fund manager is seeking to extend his Pershing Square portfolio in multiple vehicles

The business of selling music has always been a source of grievance for those who create it

Acquiring Recognition Music Group catalogue hands Sony collection of 45,000 songs including Leonard Cohen’s ‘Hallelujah’

Weak investor demand hits hedge fund chief’s scaled-back double offering

Billionaire investor seeking to take investment group public as early as the first quarter of next year

Strategy would echo doomsday trades that earned Pershing Square a big windfall during the pandemic