iWorld
One Take Media Co set to bring ‘Undercover’ in India
Mumbai: Korean series has already vowed the Indian audience and now it is time to make way for some stellar Bulgarian shows. Bulgarian dramas are receiving immense love from Indian viewers. And now, viewers can enjoy their favourite Bulgarian shows in their own regional language. The Mumbai-based content production house and distribution hub, One Take Media Co (OTMC) is all set to bring the popular Bulgarian series “Undercover” in eight regional languages in India.
Viewers will be able to stream “Undercover” in Hindi, Marathi, Gujarati, Tamil, Telugu, Kannada, Bengali and Punjabi.
“Undercover” follows a specially trained agent, who has been appointed to the most dangerous mission in Bulgaria, that is to go undercover in the gang of the most wanted mafia. The agent has to encounter a lot of challenges to look like he is a part of the criminal world. A lot of unexpected twists lead to uncovering the identity of the undercover agent.
The popular Bulgarian crime drama is a global hit and won The Golden Umbrella Award in the ‘Best Series’ category.
OTMC provides content and value-added services to leading DTH, cable, OTT, and TV channels in India and abroad, which are not only limited to Hollywood films but spans tons of shows including kids animation films and series, celebrity-based cooking shows, Korean drama series, and international shows.
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.
