(Reuters) Billionaire hedge fund manager William Ackman on Tuesday bought 7.1% of Universal Music Group. For Ackman, this marks the first part of a promise to make good on his pledge to buy a sizable stake in UMG after the complex SPAC deal he put together crumbled last month.
Billionaire Hedge Fund Manager William Ackman spends $2.8-Billion For Universal Music Group
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