Bill Ackman, CEO of Pershing Square Capital, speaks at the Wall Street Journal Digital Conference in Laguna Beach, Calif., on Oct. 17, 2017. Mike Blake/Reuters
Activist hedge fund Pershing Square said on April 7 that it plans to purchase Universal Music Group—home to Billie Eilish, Lady Gaga, and Taylor Swift—to help revive the valuation of the world’s largest music label.
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