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.

Newsquawk StaffPublished 7 Apr 2026, 14:34 UTCOn the live feed at 14:14 UTC — 5 more headlines followed before this page went public

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Pershing Square's (PSH LN) Ackman says he is not cutting the current dividend, but will grow the dividend at 2% per annum over time

14:14

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)

14:10

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Context

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.

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