Bill Ackman’s Pershing Square Is Selling Its Remaining Universal Music Group Stake, Days After UMG Rejected Its $64B Takeover Bid
The sale ends Ackman’s five-year bet on UMG and follows a failed $64 billion takeover bid that the board said undervalued the company.
12 Articles
12 Articles
The move marks the manager's exit from the world's largest record label after two failed acquisition attempts.
American billionaire Bill Ackman, CEO of hedge fund Pershing Square, has unexpectedly exited UMG, the music service behind Taylor Swift, among others. The activist shareholder at UMG had recently received a rejection of his takeover bid.
Universal Music Group N.V. Announces Repurchase of 14.156 million of its Ordinary Shares from Pershing Sq
HILVERSUM, The Netherlands, June 4, 2026 /PRNewswire/ -- Universal Music Group N.V. ("UMG" or "the Company") today announced that it has repurchased 14,156,285 of its ordinary shares as part of the disposition of the entire position owned by various Pershing Square funds. The Company acquired the shares at a price per share of €17.66 for a total consideration of approximately €250 million. The repurchase was executed outside of the Company's …
Bill Ackman’s Pershing Square to Exit Universal Music Stake
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