Universal

Afrika Bambaataa, hip-hop pioneer and founder of Universal Zulu Nation, dies at 68

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Afrika Bambaataa, a man widely considered one of the main pioneers of hip-hop, died in Pennsylvania of prostate cancer on Thursday, according to his lawyer. He was 68. Bambaataa’s sudden death was met with an outpouring of condolences from friends, family and fans across the world, who paid tribute to his profound and unmistakable impact … Read more

Universal Music targeted in takeover bid by hedge fund Pershing Square

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American hedge fund Pershing Square, led by the activist investor Bill Ackman, announced Tuesday that it had offered to buy Universal Music Group in a merger, saying it believed the world’s biggest music label was undervalued by stock markets. Pershing Square said its offer to Universal shareholders included 9.4 billion euros ($10.9 billion) in cash … Read more