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Universal Music Group held early buyout talks with private equity firms
Bill Ackman
— Oct 26, 2026
Universal Music Group held preliminary, now-stalled discussions with Apollo Global Management, TPG and Blackstone about a possible privatization, but has not begun a formal sale process; its board is aware of the talks. The discussions follow the board’s rejection of an unsolicited takeover proposal from Bill Ackman’s Pershing Square and come as the company’s shares have fallen sharply this year.
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Chris Dalton
Private equity buying into music labels usually leads to bigger cuts in artist deals and catalog spending.
TPG Proposes A$24.55 Per-Share Takeover of EQT Holdings
EQT Partners
— Aug 18, 2026
TPG Global has made an unsolicited, non-binding takeover proposal to acquire 100% of EQT Holdings for A$24.55 per share via a scheme of arrangement, with exclusivity for due diligence and conditions including FIRB, ACCC and APRA approvals; EQT has appointed UBS and Herbert Smith Freehills Kramer as advisers as it evaluates the offer amid recent share-price volatility tied to the First Guardian collapse. EQT is set to announce FY26 results on 20 August 2026 and will decide on a final dividend as part of its update to shareholders.
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CVC Capital Partners to Name Sisitsky and Rutland Co-CEOs in 2028
CVC Capital Partners
— Sep 9, 2026
CVC Capital Partners will appoint TPG's Todd Sisitsky as co-CEO alongside Peter Rutland, with the duo slated to take over from CEO Rob Lucas by Q1 2028 as the firm broadens beyond traditional private equity. Sisitsky will also chair the partner board, marking a notable external leadership change as CVC pursues a broader private-markets platform.
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