US EditionBill Ackman Offers €55bn for Universal Music
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6 Articles
Bill Ackman offers €55bn for Universal Music
Universal Music Group (UMG) has received a takeover offer from investment company Pershing Square. The US company, led by billionaire investor Bill Ackman, has proposed a cash and shares offer with a value of approximately €30.40 per share, representing a significant premium on the company’s recent trading price. Experts estimate the total value of the deal to be around €55.8 billion. Source
The financier wants Universal, which boasts leading artists such as Lady Gaga and Coldplay.Pershing Square Capital Management comes forward on Universal Music Group. Bill Ackman's fund has formalized a proposal that evaluates the world's largest record label over 63 billion dollars, with an explicit goal: to transfer the company's centre of gravity to the United States and correct what is considered a persistent underestimation.Read more
Universal Music can change hands. With the announcement that activist investor Bill Ackman was taking the steps through his company, Pershing Square Capital Management, to take control of one of the three majors in the record world, there was reason to worry. It is that the figure of Ackman has become that of one of the great economic advisors of the Trump government and one of the key names that have defended his movements in the Middle East. B…
The Pershing Square Management, Bill Ackman's investment manager, made a proposal of nearly $65 billion (the equivalent to about €56 billion) to buy the Universal Music Group, the largest company in the musical framework.
The Pershing Square fund, by billionaire Bill Ackman, has launched an offer to make Universal Music, the world's largest record label and owner of the rights of artists such as Taylor Swift or Billie Eilish, valued at 55 billion euros (64 billion dollars).
The billionaire investor Bill Ackman, through his Pershing Square fund, has launched a monumental buy-back offer of $64.3 billion on Universal Music Group. The goal? Move the music giant from the Amsterdam Stock Exchange to Wall Street, betting on a massive upgrading of Taylor Swift's label through a pure "financial engineering" manoeuvre.
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