Posted May 29, 2026 at 6:55 PM UTCJExternal LinkJay PetersUMG rejects Bill Ackman’s takeover offer.Ackman, through his Pershing Square hedge fund, had offered in April to take over UMG in a deal valuing the music giant at around €55 billion. But UMG says that the offer “fundamentally and materially undervalues UMG and will not deliver superior value creation.”Universal Music Group N.V. Board of Directors Declines Unsolicited Pershing Square Proposal[PR Newswire]Follow topics and authors from this story to see more like this in your personalized homepage feed and to receive email updates.Jay Peters
UMG rejects Bill Ackman’s takeover offer.
Ackman, through his Pershing Square hedge fund, had offered in April to take over UMG in a deal valuing the music giant at around €55 billion. But UMG says that the offer “fundamentally and materially undervalues UMG and will not deliver superior value creation.” [Link: Universal Music Group N.V. Board of Directors Declines Unsolicited Pershing Square Proposal | https://www.prnewswire.com/news-releases/universal-music-group-nv-board-of-directors-declines-unsolicited-pershing-square-proposal-302785949.html | PR Newswire]
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