Communications-services fell as doubts about the outcome of Middle East negotiations weighed on risky assets.
Communications-services fell as doubts about the outcome of Middle East negotiations weighed on risky assets.
Universal Music Group rejected Bill Ackman-led Pershing Square Capital's bid to buy the world's largest music company for about $65 billion Friday, after Universal's largest shareholder, Vincent Bollore's investment firm, voiced opposition.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
May 29, 2026 17:51 ET (21:51 GMT)
Universal Music Group’s Board Rejects Pershing Square Offer: ‘It Fundamentally Undervalues UMG’
Universal Music (UMG) Rejects Bill Ackman’s $65 Billion Takeover Offer
博罗雷CEO敦促环球音乐拒绝阿克曼640亿美元收购要约-36氪
Universal Music Group: Musikkonzern lehnt 56-Milliarden-Euro-Offerte von Bill Ackman ab
Universal Music Group Officially Rejects Bill Ackman’s $64 Billion Takeover Bid
Bill Ackman’s $65 Billion Bid For Universal Music Rejected
Pershing Square set to sell Universal Music stake after bid rejection
Universal Music: UMG-Großaktionär Bollore lässt Bill Ackman abblitzen
Universal says no encore as Bill Ackman’s bid to remix music giant hits a flat note
Bill Ackman to Sell Remaining Universal Music Stock After Failed Acquisition Bid
Communications-services rose aid deal intrigue.
Communications-services companies rose as risk-seeking investors sought exposure outside the tech sector.
Communications-services fell as traders retreated from sectors sensitive to consumer-spending trends.
Communications-services fell as traders retreated from risky sectors due to fears about the Iran war.
Communications-services ticked up as traders sought out sectors that could benefit from the artificial-intelligence boom.
Communications-services fell, slipping into the red for the year to date, amid interest-rate concerns. Heavily indebted sectors…
