Bill Ackman

From GEMA’s copyright lawsuit against OpenAI to Hipgnosis’ $1.47bn ABS deal… it’s MBW’s Weekly Round-Up

The biggest stories from the past week – all in one place…

Bill Ackman’s Pershing Square USA withdraws IPO, citing investor uncertainty

Ackman had significantly reduced the price target for his US-based closed-end fund, before pulling out of the IPO altogether

Bill Ackman massively scales back expectations for the IPO of his Pershing Square USA, from $25bn to $2bn

Ackman confirms that IPO will be priced at less than a tenth of original $25 billion target

Bill Ackman, a major Universal Music shareholder, just got richer – and much more ambitious. What might this mean for UMG?

How Pershing Square's new money-game connects to Universal Music Group – and the music business at large

Bill Ackman’s Pershing Square stays bullish on Universal Music Group, even vs. AI: ‘The long tail of AI-generated content will likely never be heard and will not displace legitimate artists’ work.’

Pershing effectively laughs in the face of concerns raised by analysts earlier this year over AI's threat to UMG