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Yahoo
2 minutes ago
- Yahoo
Universal Music Group Files Confidentially for US Listing
(Bloomberg) -- Universal Music Group NV has filed confidentially for a US listing, which would fulfill the terms of a deal with billionaire Bill Ackman's hedge fund Pershing Square. Why the Federal Reserve's Building Renovation Costs $2.5 Billion Salt Lake City Turns Winter Olympic Bid Into Statewide Bond Boom Milan Corruption Probe Casts Shadow Over Property Boom How San Jose's Mayor Is Working to Build an AI Capital The Amsterdam-listed firm submitted documents to the US Securities & Exchange Commission relating to a proposed offering by certain of its shareholders, according to a statement Monday. The world's largest music company won't receive any proceeds from the sale. Universal Music's shares rose 0.9% to €27.31 apiece at 9:51 a.m. in European trading on Tuesday, leading gains in Amsterdam's AEX Index. The filing comes after Universal said in January it would plan the US listing in order to satisfy an agreement with Pershing Square, a statement at the time showed. Ackman resigned from Universal's board in May, citing increasing demands on his time from commitments including his appointment as Executive Chairman of Howard Hughes Holdings Inc. Universal Music, which is the label for artists including Taylor Swift, had in recent months resisted Ackman's push to move its domicile and delist it from Euronext Amsterdam. Pershing Square had urged Universal Music to pursue a US listing, saying it would substantially increase the valuation of the shares. A group of shareholders affiliated with Pershing Square in March raised more than €1.3 billion ($1.5 billion) from the sale of about a 2.7% stake in the Hilversum, Netherlands-headquartered firm, Bloomberg News reported. --With assistance from Sarah Jacob. (Updates with share move in third paragraph.) Elon Musk's Empire Is Creaking Under the Strain of Elon Musk A Rebel Army Is Building a Rare-Earth Empire on China's Border Thailand's Changing Cannabis Rules Leave Farmers in a Tough Spot How Starbucks' CEO Plans to Tame the Rush-Hour Free-for-All What the Tough Job Market for New College Grads Says About the Economy ©2025 Bloomberg L.P.
Yahoo
2 minutes ago
- Yahoo
Liam Gallagher reassures ‘lovebirds' at Oasis show after ‘snidey' Coldplay kiss cam: ‘None of our business'
Liam Gallagher took a playful swipe at Coldplay after the pop band's jumbotron sparked a 'kiss cam' scandal involving two senior employees at software company Astronomer. A social media frenzy erupted when married CEO Andy Byron and his company's chief people officer Kristin Cabot were shown embracing on the giant screen at Coldplay's show in Boston last week. 'Either they're having an affair or they're very shy,' Coldplay frontman Chris Martin joked to the crowd, when the pair sought to escape the spotlight. Byron has since tendered his resignation, while Cabot has been placed on leave pending the company's internal investigation. During Oasis's fifth and final homecoming show at Heaton Park in Manchester, staged as part of their ongoing reunion tour, Britpop star Gallagher couldn't help but offer his own thoughts on the controversy – telling fans that they 'don't need to worry' as they watched him and his older brother Noel perform. 'Right then, do we have any lovebirds in the house?' the 52-year-old asked, ahead of a rendition of their 1994 track 'Slide Away'. 'Don't worry, we ain't got any of that Coldplay snidey f***ing camera s***.' He continued: 'Doesn't matter to us who you're f***ing mingling with, tingling with, fingering with… none of our f***ing business. But this one's for the lovebirds anyway.' liam's little coldplay speech before slide away 😭😭 — soph 🏋️ saw oasis (@buckysvader) July 21, 2025 The Coldplay kiss cam saga has become something of a viral meme, with fans at other music and sports events re-enacting the moment Byron and Cabot realised they were on camera, as Byron ducked out of view and Cabot covered her face with her hands. Other musicians, including controversial country star Morgan Wallen, have taken to reassuring fans that they are 'safe' at their concerts. Astronomer released a statement over the weekend revealing that Byron had resigned. 'As stated previously, Astronomer is committed to the values and culture that have guided us since our founding,' the company said. 'Our leaders are expected to set the standard in both conduct and accountability, and recently, that standard was not met.' Viral video captured Astronomer CEO Andy Byron and his company's Chief People Officer, Kristin Cabot, in an embrace. (@calebu2/TMX) The statement added: 'Before this week, we were known as a pioneer in the DataOps space, helping data teams power everything from modern analytics to production AI. 'While awareness of our company may have changed overnight, our product and our work for our customers have not. We're continuing to do what we do best: helping our customers with their toughest data and AI problems.' Byron and Cabot have yet to comment publicly. Meanwhile, Oasis's record-breaking tour continues this week with their first London shows in 16 years, on Friday 25 July. The rock band will play a further four nights at Wembley Stadium before heading to Edinburgh and Dublin, ahead of the international leg. They will play two final UK shows at Wembley Stadium on 27 and 28 September.


Washington Post
4 minutes ago
- Washington Post
Stephen Colbert mocks CBS's reasoning for canceling ‘The Late Show'
On Monday night, CBS 'Late Show' host Stephen Colbert returned to TV for the first time since the stunning news last week that the network has decided to pull the plug on the historic franchise. The final episode will air in May 2026. 'Folks, I'm going to go ahead and say it,' he said, kicking off his monologue. 'Cancel culture has gone too far.'