Universal Music Group Officially REJECTS $64 Billions Offer From MAGA Billionaire

[RAMROD 115,985]

The board of Universal Music Group has rejected an unsolicited $64 billion takeover offer from Bill Ackman’s Pershing Square Capital, the company announced on Friday. The move comes a day after key shareholder Vincent Bollore urged UMG to reject the offer.

The “Board of Directors has unanimously determined that the unsolicited and non-binding proposal it received from Pershing Square Capital Management, L.P. on April 7, 2026, is not in the best interests of UMG, its shareholders, artists, songwriters, employees and other stakeholders,” the announcement reads in part.

The offer included about $10.9 billion in cash, plus additional stock that pushes the total consideration to about $35 a share.

Pershing Square said that UMG’s stock has been undervalued because of uncertainty around the company’s ownership structure and around UMG’s stake in Spotify, and by the company’s delay of its planned stock listing in the U.S. Ackman previously struck an agreement with the company last year to establish a secondary listing in the U.S. in addition to its primary home on the Euronext Amsterdam listing.

 

https://variety.com/2026/music/news/universal-music-group-rejects-bill-ackman-takeover-bid-1236762471/

Edited 3 hours ago by RAMROD

[AVeryGagaHolyDick 31,141]

Not for the right reasons but at least they said NO

[zevthepaparazzo 2,236]

it's a small mercy in this horrific world but I'll take it

[gagzus 20,973]

Thank god, I could see many artists trying to get out of their contracts or be bought out by other companies to get out of it. Or even trying to go independent 

[Killa 18,677]

10 billion in cash

Im laughing hysterically at such a thing