Industry Apr 8, 2026
UMG Board Has Full Confidence in CEO Grainge Amidst Pershing Square Offer
In a brief statement, the board said it would "review the proposal in accordance with its fiduciary duties and analyze its implications" for stakeholders.
Originally published by
Billboard
The board of directors at Universal Music Group (UMG) has expressed complete confidence in CEO Lucian Grainge. This statement follows a bid from Pershing Square. The board indicated it would review the proposal and analyze its implications for stakeholders, adhering to its fiduciary duties. Originally reported by Billboard.