Pershing Square Tontine Holdings (PSTH) Nixes Universal Music Group Share Purchase

Pershing Square Tontine Holdings (NYSE:PSTH) announced in an early morning letter to shareholders that it was withdrawing its intended purchase of a 10% stake in Universal Music Group, which is slated to IPO later this year. The share purchase will instead be made by the SPAC’s sponsor, Pershing Square Holdings (LON:PSH), and the SPAC will
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