Paris, France, April 7, 2026 (AFP) - US hedge fund Pershing Square launches takeover bid for Universal Music

NAMPA / AFP

2026-04-07

American hedge fund Pershing Square, led by the activist investor Bill Ackman, announced Tuesday that it had offered to buy Universal Music Group in a merger, saying it believed the music giant was undervalued by stock markets. Pershing Square said its offer to Universal shareholders included 9.4 billion euros ($10.9 billion) in cash -- or 5.05 euros per share -- plus 0.77 shares in the new entity for each UMG share. Worth a total of around 55 bi......

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