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Bolloré Urges UMG to Reject Ackman’s $64B Offer
Cyrille Bolloré, CEO of the Bolloré Group, advised Universal Music Group (UMG) to reject a $64.4 billion offer from Bill Ackman's Pershing Square. Bolloré believes the offer undervalues UMG and aims to protect its interests.
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Cyrille Bolloré, Chair and CEO of the Bolloré Group, has encouraged Universal Music Group (UMG) management to reject a $64.4B offer from Bill Ackman’s Pershing Square. Speaking at the Bolloré Group AGM in Paris on Wednesday, Bolloré said he believed the offer undervalued the company and also questio
2026-05-27 11:55 UTC