iWorld
MTS Launches #IndiaForShiva movement on social media
MUMBAI: Sistema Shyam TeleServices Ltd. (SSTL), that provides telecom services under the MTS brand has launched a movement on social media to bring all countrymen together to support Shiva Keshavan – Olympian from India who is set to compete in “Luge” at the Sochi Winter Olympic Games. MTS has been actively supporting Shiva Keshavan in his quest for Gold. Given that Shiva Keshavan would be competing at Sochi as a ‘Citizen Olympian’ under the Olympics flag in place of the Indian Tricolour; the IndiaForShiva campaign has been rolled out as a show of support for the champion luger.
According to Leonid Musatov, Chief Marketing & Sales Officer – MTS India, “MTS as a brand has always believed in providing a platform to talented youngsters, who bet on themselves, challenge reality and don’t let the present come in way of their future. We have been consistently supporting Shiva Keshavan for the last two years in his journey to the Sochi Olympics. We have always believed in Shiva and his dedication to the sport of Luge, despite the sport not being as popular as some of the other sports in the country. Now, when the chance to win the Olympic medal is so close, it is time that we all stand behind Shiva and cheer for him”.
The IndiaForShiva campaign by MTS India is an extensive social media movement to generate support and wishes for Shiva Keshavan. The campaign would encompass specially designed twitter feeds, engagement activities on Facebook and other social media channels.
MTS Brand Ambassador and Winter Olympian, Shiva Keshavan said “As an athlete, winning an Olympic Gold medal is my biggest dream. I am looking forward to the Winter Olympics in Sochi and hopefully this would be my chance to bring the medal home. I would like to thank MTS India and all my fans for supporting me through the IndiaForShiva campaign. It is heartening to see my countrymen getting aware about the sport of Luge and cheering for me as I get set to compete on 8th and 9th February 2014”.
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.
