Industry Jun 4, 2026
Bill Ackman Sells UMG Stock After Acquisition Attempt Fails
In short
The move comes less than a week after UMG's board declined the hedge fund investor's offer.
Originally published by
Billboard
Bill Ackman will sell his remaining Universal Music Group stock less than a week after his investment firm, Pershing Square, had its acquisition bid rejected by UMG's board. Originally reported by Billboard.