Business

Universal Music Rejects Ackman's Takeover Bid

Updated 2026-05-29 20:05 UTC 1 source Negative

Universal Music Group has rejected a takeover offer from billionaire investor Bill Ackman, stating that the bid undervalues the company.

Coverage timeline — 1 article
BBC News
The music giant said Pershing Square's offer fundamentally undervalued the business.
2026-05-29 19:29 UTC
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