Industry Apr 7, 2026

Bill Ackman Proposes $60 Billion Bid for UMG

The non-binding offer proposes moving UMG's headquarters and stock listing to the United States.

Originally published by Billboard
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Bill Ackman Proposes $60 Billion Bid for UMG

Investor Bill Ackman, through his firm Pershing Square, has submitted a non-binding offer to acquire the Universal Music Group (UMG) for more than $60 billion. The proposal includes relocating UMG's headquarters and stock listing to the United States. Originally reported by Billboard.