Tag: stock

With a new CFO, three licensing deals, and $775M+ raised, what’s stopping $5.4B-valued Suno from an IPO?
The signals pointing to the firm's potential stock market ambitions and the barriers it faces in getting there. Source...

South Korean prosecutors seek 15-year prison term for Kakao founder in appeal over SM Entertainment stock case (report)
Kakao Corp. founder Kim Beom-su has denied the allegations Source...

After two failed arrest bids, Korean police say HYBE Chairman Bang Si-hyuk will be referred to prosecutors this week – without detention
The move would close a police investigation into the K-pop company's 2020 stock market listing that has been running since December 2024. Source...

Bill Ackman, who called Universal Music ‘one of the best businesses we have ever owned’, steers clear of music in Pershing Square stock-buying splurge
Bill Ackman‘s Pershing Square has disclosed six new stock investments in its first quarterly shareholder letter as a publicly listed company. None of the six is a music company. The new positions in...

Universal has sold a chunk of Spotify stock for around $467M. Artists will likely be paid over $100M of it.
Per MBW's calculations, UMG artists could be in line for approximately $131 million of the money. Source...

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