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Email PSTH will acquire 10% of the outstanding Ordinary Shares of UMG from Vivendi S.E. for approximately $4 billion, representing an enterprise value of €35 billion (approximately $40 billion) for UMG. https://www.cadwalader.com/news/news-release/cadwalader-advising-psth-on-its-acquisition-of-10-of-universal-music-group-and-pershing-square-in-its-formation-of-pershing-square-sparc-holdings