iWorld
What to Stream with Dad this Father’s Day
MUMBAI: Whether your dad is the strong silent type, or just won’t stop questioning you about what you’re doing with life – there’s a better way to spend quality time with him this Father’s Day.
Enjoy each other’s company and check out these shows/movies on Netflix – there’s something for every type of dad out there.
Master Chef Dad – Chef’s Table
For the dad that loves whipping up a meal for the family – get inspired by the talented chefs from around the world by watching their personal journeys.
Super Dad – Marvel’s Daredevil
For the dad who does it all – kick-back and relax by watching one of Marvel’s superhero series.
Authoritative Dad – The Dictator
For the dad that is a little strict but has his heart in the right place – get some laughs out of him by watching this hilarious comedy poking fun at a dictator.
Joker Dad – Master of None
For the dad who gets his kicks making others laugh – get a break from his jokes by watching Aziz Ansari navigate life and all its curve balls thrown his way.
Political Dad –House of Cards
For the dad who is obsessed with country politics- get him to binge on the engrossing political drama series that revolves around the journey of a ruthless politician who will stop at nothing to conquer Washington, D.C
Protective Dad- Piku
For the dad who is overly shielding, give him a dose of his own self with the emotional tale of an ageing but nagging father Bhaskor Banerjee and his loving daughter, Piku.
iWorld
Bill Ackman’s Pershing Square makes $64 billion bid to acquire Universal Music Group
Ackman pitches NYSE relisting plan as UMG board weighs unsolicited offer
The hedge fund has proposed a business combination that values UMG at €30.40 per share, representing a hefty 78 per cent premium to its current trading price. The offer includes €9.4 billion in cash alongside stock in a newly formed entity, with shareholders set to receive €5.05 per share in cash and 0.77 shares in the new company for each UMG share they hold.
Under the proposal, UMG would merge with Pershing Square SPARC Holdings Ltd and re-emerge as a Nevada-based entity listed on the New York Stock Exchange. The move is designed to boost investor visibility and potentially secure inclusion in major indices such as the S&P 500.
Pershing Square Capital Management ceo Bill Ackman argued that while UMG’s operational performance remains strong, its market valuation has lagged due to external factors. “UMG’s stock price has languished due to a combination of issues that are unrelated to the performance of its music business,” Ackman said, pointing to concerns ranging from shareholder overhang to delayed US listing plans.
Ackman also flagged what he sees as untapped potential in UMG’s balance sheet and a lack of clear capital allocation strategy. He added that the market has not fully recognised the value of UMG’s €2.7 billion stake in Spotify, alongside gaps in investor communication.
The proposed transaction would also result in the cancellation of around 17 per cent of UMG’s outstanding shares, while maintaining its investment-grade balance sheet. Pershing Square has said it will fully backstop the equity financing, with debt commitments secured at signing. The deal is targeted for completion by the end of the year.
UMG, however, has struck a measured tone. The company confirmed that its board has received the non-binding proposal and will review it with advisers. It reiterated confidence in its current strategy and leadership under Lucian Grainge, signalling no immediate shift in stance.
The proposal comes at a time when global music companies are navigating evolving investor expectations, streaming economics and capital allocation pressures. For Pershing Square, the bet is clear: sharpen the financial story, relist in the US, and let the music play louder in the markets.
Whether UMG’s board is ready to change the tune remains to be seen, but the spotlight on its valuation just got a lot brighter.
