Watch Scarlet and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg Intelligence hosted by Paul Sweeney, Emily Graffeo, and Alexis Christoforous -Matthew Bloxham, Bloomberg Intelligence Senior and Tech Analyst, discusses Bill Ackman&#x27;s investment firm Pershing Square Capital Management pitching a deal to combine Universal Music Group with an acquisition vehicle publicly traded in the US. -Mandeep Singh, Global Tech Research Head at Bloomberg Intelligence, discusses the latest on Broadcom. Anthropic confirmed plans to work with Broadcom and Google to power its operations. -Sam Fazeli, Bloomberg Intelligence, Director of Research for Global Industries and Senior Pharmaceuticals Analyst, discusses the latest in the biotech sector. Gilead Sciences agreed to buy private German biotech Tubulis GmbH in a deal worth up to $5 billion to boost its portfolio in cancer drug development. Novo Nordisk will price its new high-dose Wegovy shot at $399 a month for cash-pay patients, undercutting the cost of most doses of rival Eli Lilly &amp; Co.’s Zepbound. -Lloyd Arnold, BNEF Data Center Reporter, discusses data centers. The digital infrastructure boom is continuing apace despite jitters in equity markets and fears of a “bubble”. The capital expenditure of the 14 largest publicly owned data center operators globally is seen close to $750 billion this year against a little less than $450 billion last year. See omnystudio.com/listener for privacy information.

Ackman Pitches $65 Billion UMG Deal to Move Listing to US 

Bloomberg Intelligence

# Full Transcript

**Podcast:** Bloomberg Intelligence

## Participants

- **Stephen Carroll** (None)
- **Caroline Hepker** (None)
- **Matthew Bloxham** (Bloomberg Intelligence)
- **Mandeep Singh** (Bloomberg Intelligence)
- **Sam Fazeli** (Bloomberg Intelligence)
- **Lloyd Arnold** (BNEF)

## Transcript

Hello, I'm Stephen Carroll. I'm in Brussels where many of Europe's biggest decisions get made. And I'm Caroline Hepker in London. We're the hosts of the Bloomberg Daybreak Europe podcast. We're up early every weekday keeping an eye on what's happening across Europe and around the world. We do it early so the news is fresh, not recycled and so you know what actually matters as the day gets going. From Brussels, I'm following the politics, policy and the people shaping the European Union right now.

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I did not have Universal Music Group being put in play on my bingo card, but billionaire activist Bill Ackman. I mean, I've IPO'd that thing, bought it, sold it. I don't know why it's public. Billionaire activist Bill Ackman has proposed a bid for Universal Music Group to increase returns on one of his hedge fund's biggest holdings. Not really sure why, but our next guest does. Matthew Bloxham, senior media and tech analyst for Bloomberg Intelligence is usually based in London, but he's here in New York, which goes to my theory. Yes.

That we're seeing a lot of London-based BI people here, which means somebody's buying these people dinner. They're not coming over of their own. I think we should swap. I'll go to London for a while and do the show from there. Matthew, tell us what's going on here with Universal Music Group and kind of what Bill Ackman's thinking. Yes. Look, I think a lot of shareholders have been frustrated for quite some time with the share price performance of Universal Music. The numbers it's been posting performance-wise have been pretty decent, but the share price keeps going down.

And I think, I mean, I've had a lot of incoming inquiries from clients over the last three or four months trying to kind of put this puzzle together. You know, the numbers look good, the share price going down, what's going on? And I think to some degree, this ...

Ackman Pitches $65 Billion UMG Deal to Move Listing to US

Transcript

Built for investment professionals

Every day you wait, your competitors are finding
edge in conversations you're not hearing.

Ackman Pitches $65 Billion UMG Deal to Move Listing to US

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.