Ackman's SPAC signs deal to buy 10% stake in Universal Music Group

Name: Ackman's SPAC signs deal to buy 10% stake in Universal Music Group
Uploaded: 2021-06-21T14:09:08.000Z
Duration: 2 min 15 s
Description: Bill Ackman's SPAC, Pershing Square Tontine Holdings, has signed a deal to buy 10% of Universal Music Group for about $4 billion. CNBC's Jim Cramer, Carl Quintanilla and David Faber discuss.

Bill Ackman's SPAC, Pershing Square Tontine Holdings, has signed a deal to buy 10% of Universal Music Group for about $4 billion. CNBC's Jim Cramer, Carl Quintanilla and David Faber discuss.

02:15

Mon, Jun 21 202110:09 AM EDT

David Faber