Universal Music Group Rejects Bill Ackman’s $64B Takeover Proposal: “It Fundamentally and Materially Undervalues UMG”
Universal Music Group's board has rejected Bill Ackman's $64 billion takeover proposal, stating it undervalues the company. The board emphasized that the decision was made in the best interests of UMG and its stakeholders. UMG's chairman expressed confidence in the company's ability to create sustainable growth and value.
- ▪UMG's board rejected Bill Ackman's acquisition proposal, citing it fundamentally undervalues the company.
- ▪The board believes there is strong consensus among stakeholders supporting their decision.
- ▪UMG has seen a 70 percent growth in adjusted EBITDA since its listing in 2021.
6 outlets in our directory ran this story, first to last over 24 hours. All of the coverage we found sits in one bucket: centre. That one-sidedness is itself worth noticing.
- ▪ 2 Genius Stocks That Billionaire Bill Ackman Just Loaded Up On — Yahoo Finance
- ▪ Universal Music Group declines Bill Ackman takeover proposal - Reuters — Google News
- ▪ Universal rejects billionaire Bill Ackman's takeover bid — BBC News — Business
- ▪ Universal Music declines takeover offer from Bill Ackman’s Pershing Square — Financial Times — World
- ▪ Universal Music Group declines Pershing Square takeover proposal — Investing.com — News
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| Original publisher | The Hollywood Reporter |
| Canonical URL | https://www.hollywoodreporter.com/music/music-industry-news/umg-rejects-bill-ackman-acquisition-proposal-1236608857/ |
| Publication time | Fri, 29 May 2026 18:08:52 +0000 |
| Retrieval time | 2026-05-29T18:20:02.626Z |
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Lucian Grainge and Bill Ackman Gilbert Flores/Variety/Getty Images; Ilya S. Savenok/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 Universal Music Group‘s board of directors has rejected Bill Ackman and Pershing Square’s $64 billion acquisition proposal, saying Friday that the deal “is not in the best interests of UMG, its shareholders, artists, songwriters, employees and other stakeholders.” “After careful review with the assistance of outside financial and legal advisors, the Board has rejected the proposal because it fundamentally and materially undervalues UMG and will not deliver superior…
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