Universal Music Group Board Unanimously Rejects Pershing Square's $64 Billion Takeover Bid
By
Jem Aswad
2d ago· 3 min readenNews
80/100
Golden Brown
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The bagel they save for the regulars. Don't skim, savour.
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Summary
Universal Music Group's board has unanimously rejected a $64 billion unsolicited takeover bid from Bill Ackman's Pershing Square Capital, stating the offer is not in the best interests of the company, its shareholders, artists, songwriters, employees, and other stakeholders. The rejection follows a recommendation from key shareholder Vincent Bollore urging the board to decline the offer.
Key quotes
· 1 pulledThe Board of Directors has unanimously determined that the unsolicited and non-binding proposal it received from Pershing Square Capital Management, L.P. on April 7, 2026, is not in the best interests of UMG, its shareholders, artists, songwriters, employees and other stakeholders
The Universal Music Group board has rejected a $64 billion takeover bid from Bill Ackman’s Pershing Square, saying it is 'not in [its ]best interests'
