Pershing Square Tontine (PSTH) Makes Universal Music and SPARC Moves Official

Pershing Square Tontine Holdings (NYSE:PSTH) announced Sunday that it has entered into a definitive agreement with Vivendi (PA:VIV) to acquire 10% of Universal Music Group (UMG). The announcement also makes official the SPAC’s two other transactions – initially announced June 4 – that it would leave a publicly-listed RemainCo to seek out a separate deal
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