Bolloré Pushes Universal Music Group to Reject Ackman’s $64B Acquisition Proposal
Cyrille Bolloré, CEO of Bolloré, is urging Universal Music Group to reject Bill Ackman's $64 billion acquisition proposal, claiming it undervalues the company. He emphasized that the offer does not reflect the true worth of UMG and criticized Ackman for not using his own funds. Bolloré's comments mark his first public response since Ackman's proposal was made in April.
- ▪Cyrille Bolloré is the largest shareholder in Universal Music Group (UMG).
- ▪Bolloré stated that Ackman's offer does not adequately value UMG.
- ▪He encouraged UMG's management to reject the acquisition proposal.
6 outlets in our directory ran this story, first to last over 8 hours. Coverage spans 2 points on the political spectrum — 1 lean left, 4 centre.
- ▪ Universal Music Shareholder Deals Blow to Bill Ackman’s $65 Billion Bid — Yahoo Finance
- ▪ Universal Music Shareholder Deals Blow to Bill Ackman's $65 Billion Bid — Update - Morningstar — Google News
- ▪ Cyrille Bolloré Encourages Universal Music Group To Reject Bill Ackman’s $64B Offer — Deadline
- ▪ Bolloré deals blow to Ackman’s €55bn offer for Universal Music — Financial Times — Companies
- ▪ Bollore CEO urges Universal Music to reject Ackman’s bid — Investing.com — News
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| Original publisher | The Hollywood Reporter |
| Canonical URL | https://www.hollywoodreporter.com/music/music-industry-news/bollore-umg-reject-ackman-acquisition-proposal-1236606551/ |
| Publication time | Wed, 27 May 2026 15:30:07 +0000 |
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Bill Ackman PATRICK T. FALLON/AFP/Getty Images Share on Facebook Share on X Google Preferred Share to Flipboard Show additional share options Share on LinkedIn Share on Pinterest Share on Reddit Share on Tumblr Share on Whats App Send an Email Print the Article Post a Comment Bolloré CEO Cyrille Bolloré is encouraging Universal Music Group to reject Bill Ackman‘s $64 billion acquisition proposal, arguing that the billionaire investor’s offer undervalues the company. According to Reuters, Bolloré, whose company is the largest shareholder in UMG, said during the company’s markets day that “the price is not there at all.” “He is not making an offer with his own money,” Bolloré, who stepped down from UMG’s board of directors last year, said. “It is our money, the company’s money.
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