Sullivan & Cromwell, White & Case and Benelux firm Stibbe are advising Pershing Square Capital Management on its €55bn bid to buy Universal Music Group (UMG), which is being advised by Freshfields.
The deal would see UMG – the world’s largest music label, home to megastars including Taylor Swift, Billie Eilish and Kendrick Lamar – merge with acquisition vehicle SPARC Holdings, set up by Pershing Square Capital Management, the US hedge fund founded by billionaire investor Bill Ackman.
