Industry May 27, 2026

Bolloré Group Rejects Bill Ackman’s Universal Music Bid

Bolloré Group controls roughly one third of Universal Music, with Ackman’s proposed bid for the company hinging on their approval.

Originally published by Billboard
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Bolloré Group Rejects Bill Ackman’s Universal Music Bid

Bolloré Group has advised the board of Universal Music Group to refuse Bill Ackman’s offer to purchase the company. Bolloré Group, which holds approximately one-third of Universal Music's shares, indicated that the current offer price is unacceptable. Originally reported by Billboard.