Pershing Square's (PSH LN) Ackman says he would finance the deal for UMG (UMG NA) in part by selling Universal's stake in Spotify (SPOT)

Ackman's intention to finance the UMG deal by selling Universal's stake in Spotify indicates a strategic move that could signal a shift in value focus for Pershing Square. This action might be interpreted as bolstering liquidity for UMG while also possibly underlining confidence in the future performance of the entertainment sector. Traders should monitor how this deal impacts both PSH and UMG's stock performance moving forward.