Activist billionaire in R1.1-trillion bid for Universal Music

Activist billionaire in R1.1-trillion bid for Universal Music

Singer Taylor Swift is signed to Universal Music. Image: Reuters Bill Ackman’s Pershing Square on Tuesday proposed merging its acquisition vehicle with Universal Music Group with a plan to list in the US in a deal aimed at reviving the world’s biggest music label’s value. Pershing Square’s cash-and-shares offer values Universal Music at around €30.40/share,…

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Trump’s threat to blow “everything up” if Iran won’t make a deal hangs over new ceasefire bid

Trump’s threat to blow “everything up” if Iran won’t make a deal hangs over new ceasefire bid

The spokesman for Iran’s foreign ministry said Monday that President Trump’s repeated threats to attack the country’s civilian infrastructure amounted to war crimes, as he acknowledged ongoing diplomatic efforts to end the war but warned that “negotiation can in no way be compatible with ultimatums, crimes, or threats to commit war crimes. As reports said…

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Starlink fires back after Namibia rejects licence bid

Starlink fires back after Namibia rejects licence bid

Starlink has hit back at Namibia’s decision to reject its licence application, calling the regulator’s characterisation of its non-compliance “misleading” and urging Namibians to request a formal appeal. In a statement published on its website, the satellite internet provider owned by Elon Musk’s SpaceX said it had made clear over the past three years its…

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Stripe mulling bid for PayPal: report

Stripe mulling bid for PayPal: report

Payments firm Stripe is considering an acquisition of PayPal or parts of the digital payments pioneer, Bloomberg News reported on Wednesday (paywall), citing people familiar with the matter. Stripe, which is privately held and is among the industry’s most valuable companies, has expressed a preliminary interest in a potential acquisition of PayPal or its assets,…

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