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FILE - Taylor Swift performs during "The Eras Tour" on Friday, Dec. 6, 2024, in Vancouver, British Columbia. (AP Photo/Lindsey Wasson, File)

Ackman's Pershing Square makes $64B bid for Taylor Swift label Universal Music Group

7:25 AM on Tuesday, April 7

Activist investor Bill Ackman’s Pershing Square Capital Management is offering to purchase Taylor Swift and Bad Bunny’s music label, Universal Music Group, in a cash-and-stock transaction valued at approximately $64 billion

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