News Jun 3, 2026

Bill Ackman’s Pershing Square is selling its remaining Universal Music Group stake, days after UMG rejected its $64B takeover bid

The news comes days after Universal Music Group's board officially rejected a takeover proposal from Ackman and Pershing Square Source

Originally published by Music Business Worldwide
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Bill Ackman’s Pershing Square is selling its remaining Universal Music Group stake, days after UMG rejected its $64B takeover bid