Universal Music Group announced that it has rejected a takeover bid from billionaire investor Bill Ackman's firm, Pershing Square. The company stated that the offer fundamentally undervalued its business.
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Universal Music Group declines Bill Ackman's takeover offer
Universal Music Group has rejected a takeover bid from Bill Ackman's Pershing Square, citing that the offer does not accurately reflect the value of the business. The announcement was made on May 29, 2026.
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Bill Ackman
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Original Headline
Universal rejects billionaire Bill Ackman's takeover bid
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Universal Music Group declines Bill Ackman's takeover offer