Industry Jun 3, 2026
Universal Music Rejects Bill Ackman's Takeover Bid
The board of Universal Music has swatted away Pershing Square Capital’s takeover bid after the major’s biggest shareholder said he didn’t fancy it. But the problem that drove Ackman’s bid is still the
Originally published by
Complete Music Update
The board of Universal Music has rejected a takeover bid from Pershing Square Capital. The decision followed opposition from Universal's largest shareholder. Despite the bid's rejection, underlying issues that prompted the offer remain, necessitating significant action from Universal to satisfy its shareholders. Originally reported by Complete Music Update.