New York, April 7, 2026 (AFP) - Pershing Square unveils transaction valuing Universal Music at 55 bn euros

NAMPA / AFP

2026-04-07

American hedge fund Pershing Square, led by the activist investor Bill Ackman, announced Tuesday a transaction valuing Universal Music Group at up to 55 billion euros, saying it believed the music giant was undervalued by stock markets. Under the proposal, Pershing would merge UMG with Pershing Square SPARC Holding, an acquisition company that would be listed on the New York Stock Exchange. Current UMG shareholders could exchange their holdings f......

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