Press Release

KUDO Investor, Bill Ackman, Uses KUDO’s Multilingual Conference Tool To Present Details Of Pershing Square Tontine Holdings, Ltd. Acquisition

Presentation Simulcast in French, Japanese, Mandarin, Cantonese, Korean, German, Italian, Spanish, Portuguese, Arabic and Russian.

Language Inclusivity Supports a New Economy Model for the Interpretation Industry

(June 23, 2021, New York City, NY) – Pershing Square Capital Management, L.P. Founder and CEO Bill Ackman today utilized the cloud-based multilingual conference platform KUDO to address his global stakeholders in a special presentation about the Pershing Square Tontine Holdings, Ltd. (NYSE:PSTH) acquisition of 10% of the Ordinary Shares of Universal Music Group (“UMG”) for approximately $4 billion from Vivendi S.E.

With this presentation, PSTH joins the many Fortune 500 companies, governments and diplomatic agencies around the world using KUDO to level the communications playing field as language inclusivity becomes possible on the cloud and in real time. Mr. Ackman’s personal investment in KUDO’s Series A in March 2021, and use of KUDO for this announcement, fuels a new economy enabled by KUDO Marketplace, the first on-demand booking platform for interpreters.

To communicate with this particularly cross-cultural community of stakeholders for his presentation, Bill Ackman chose KUDO as the vehicle to bring inclusivity to the announcement, ensuring that investors around the world could understand the intricacies of the transactions. Thanks to KUDO’s network of live, real-time interpreters, the presentation was available in French, Japanese, Mandarin, Cantonese, Korean, German, Italian, Spanish, Portuguese, Arabic and Russian.

“The power of inclusivity lies in communication,” said CEO and Cofounder of KUDO, Fardad Zabetian. “KUDO was developed to break language barriers and ensure everyone can participate in the conversations that matter. Always an activist, Bill is, again, pushing into the most significant frontiers and in this case the future of work.”

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