Industry May 27, 2026
Bolloré Advises Universal Music Group to Decline Ackman's Takeover Offer
"We think the price is not there at all," Bolloré told shareholders. Source
Originally published by
Music Business Worldwide
Vincent Bolloré has urged Universal Music Group to reject a $64 billion takeover bid proposed by Bill Ackman. Bolloré expressed his reservations about the offer's valuation, stating that the price is inadequate.
The advisory comes as Universal Music Group considers the significant acquisition proposal. Originally reported by Music Business Worldwide.