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A secretive tycoon called the ‘French Murdoch’ holds the key to Bill Ackman’s $64 billion bid to UMG

Activist investor Bill Ackman has his sights set on Universal Music Group, and he’s launched a complex $64 billion proposal for the label behind Bad Bunny, Taylor Swift, Paul McCartney and a long list of other superstars.  To get his hands on the prize though, Ackman will first have to contend with another big personality:…

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Warner Bros. CEO David Zaslav’s $887 million golden parachute gets ripped by proxy advisory firm ISS

An advisory firm that counsels the largest institutional investors on how to vote at shareholder meetings is recommending investors support Warner Bros. Discovery’s $77.7 billion acquisition by Paramount Skydance but is against a golden-parachute proposal that would see executives collect a total of $1.35 billion after the deal goes through.  In a report issued on…

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