The deal requires Pershing to sell at least $500 million worth of its UMG holdings as part of the listing process.

Universal Music Group said on Wednesday that billionaire Bill Ackman-led Pershing Square has exercised its right to request an offering and secondary listing of the record label in the United States.

Ariana Grande is one of the artists whose music was pulled from TikTok in January TikTok will restore millions of songs to the platform after settling a dispute with Universal Music Group over ...