{"id":79038,"date":"2021-08-11T02:13:04","date_gmt":"2021-08-11T06:13:04","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=79038"},"modified":"2021-08-11T02:04:20","modified_gmt":"2021-08-11T06:04:20","slug":"billionaire-hedge-fund-manager-william-ackman-spends-2-8-billion-for-universal-music-group","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2021\/billionaire-hedge-fund-manager-william-ackman-spends-2-8-billion-for-universal-music-group.html","title":{"rendered":"Billionaire Hedge Fund Manager William Ackman spends $2.8-Billion For Universal Music Group"},"content":{"rendered":"\n<p>(Reuters) Billionaire hedge fund manager William Ackman on Tuesday bought 7.1% of Universal Music Group. For Ackman, this marks the first part of a promise to make good on his pledge to buy a sizable stake in UMG after the complex SPAC deal he put together crumbled last month.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.reuters.com\/article\/vivendi-umg-pershing-square\/update-1-vivendi-sells-a-7-1-stake-of-umg-to-pershing-square-for-2-8-billion-idUSL1N2PH1WO\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) Billionaire hedge fund manager William Ackman on Tuesday bought 7.1% of Universal Music Group. For Ackman, this marks the first part of a promise to make good on his pledge to buy a sizable stake in UMG after the [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-79038","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/79038","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=79038"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/79038\/revisions"}],"predecessor-version":[{"id":79039,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/79038\/revisions\/79039"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=79038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=79038"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=79038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}