Industry Jun 4, 2026

Universal Purchases Part of Bill Ackman’s Pershing Square Shares in UMG

UMG has purchased 14 million of Pershing Square’s shares for a total consideration of around $290 million.

Originally published by Billboard
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Universal Purchases Part of Bill Ackman’s Pershing Square Shares in UMG
Universal Music Group (UMG) has acquired 14 million shares previously held by Pershing Square. The transaction is valued at approximately $290 million.

Originally reported by Billboard.