Bill Ackman

Bill Ackman’s Pershing Square Holdings is selling its remaining stake in Universal Music Group following the rejection of its acquisition offer last week.

08 de abril de 2026 Reportado por IA

Pershing Square Capital Management has made a non-binding offer to acquire Universal Music Group, with headlines citing a $64 billion valuation but details revealing a more modest cash component. The proposal allows shareholders to choose between cash or a mix of cash and new shares. Music investors and executives view the bid as an attempt to take control on the cheap.