Ackman’s SPAC Explains Investment Rationale on $4B Universal Music Deal

Pershing Square Tontine Holdings

Bill Ackman’s Pershing Square Tontine Holdings released a presentation on its website that further describes the transactions involving Universal Music Group. The SPAC is buying a 10 percent stake in the behemoth music catalog for $4 billion.

A 30-slide deck outlines the complex deal and what the SPAC’s shareholders can expect to get out of it. The presentation can be viewed here.

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