Industry Apr 9, 2026
Bill Ackman Positive on UMG Shareholder Support for Bid
The transaction requires the support of UMG's board and a two-thirds vote of shareholders who attend a meeting called for the purpose Source
Originally published by
Music Business Worldwide
Bill Ackman expressed confidence in securing the necessary support for his $64 billion bid for UMG shareholders. He described the response from Bolloré as highly encouraging.
The proposed transaction is contingent upon approval from UMG's board and a two-thirds majority vote from shareholders present at a designated meeting. Originally reported by Music Business Worldwide.