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American investor makes billion-dollar bid for record label behind Taylor Swift

American investor makes billion-dollar bid for record label behind Taylor Swift

American billionaire Bill Ackman's investment firm, Pershing Square Holdings, has launched a multi-billion dollar takeover bid for Universal Music Group. The record label represents major global artists including Taylor Swift, Billie Eilish, and Lady Gaga.

Based on reporting by nu. Translated and condensed by LocalHeadlines.

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