iWorld
The Screen Patti ties up with BigRock to release it’s new web show – Zeroes
When we say 4 people trying to do a start up the first thing that pops up in the mind is Pitchers. Well that’s what motivated our SINGLES’ (an established TSP property) to step out in the sun and begin with their own startup. Badri, Shivankit and Abhinav, later joined by Jassi, are on their own in the startup world now and the reality is a lot different, wacky and overwhelming than they expected. Watch the trailer here.
TSP released the first episode of the 3 episode series and it has already crossed 1mn views in 3 days. Episode 2 releases on 9th Feb on TSP’s Youtube Channel.
Parikshit Joshi, Writer – Zeroes, says: As a writer I loved creating characters who are a little delusional about themselves, just like me. The fun thing about these characters is that they can do pretty much anything without knowing whether it’s right or not. And this time, these four delusional characters were thrown in the world of start-up.
Talha Siddiqui, Writer – Zeroes, says: For me, Zeroes is about the story of characters who create an impression of having ‘No Value’. You would never want them in your team. But if these Zeroes are placed properly, the more zeroes you have on your side, the bigger you are.
Shreyansh Pandey, AVP – Content Strategy says: After recently crossing 1 MN subscribers on the channel, we are coming up with our second web show ZEROES which revolves around 4 average guys trying to start-up. TSP is known for it youthful humor and that’s what we’re trying to do with this show as well. That’s why, we are trying to experiment with these characters who we describe as sometimes hungry, always foolish.
At BigRock, we are always looking at ways to simplify the process of getting businesses online. With internet penetration in India reaching over 450 million users, the need to get online is now more important than ever before. In the past year, India has seen an influx of over 1000 tech startups alone. A major part in the journey of building a brand begins with finding the right domain name”, says Shashank Mehrotra, Managing Director, APAC at Endurance International Group (EIG).
“Through our partnership with Neustar and TVF, we aim to reach out to young Indian aspirants who may have groundbreaking ideas which can be turned into successful businesses, but very often do not know where to start. We believe we can help them kick-start their journey by offering them a .co domain name which is not only widely available, but also demonstrates credibility when networking with investors and customers.”
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.
