US fund Pershing Square launches takeover bid for Universal MusicBill Ackman says Universal Music's stock price has 'languished' despite the group's potential. (Photo: AFP)PARIS — 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 in a statement that it had submitted the offer to Universal's board, hoping to close the deal by the end of 2026. After a merger with Pershing Square SPARC Holdings, an acquisition company, the new entity would be listed on the New York Stock Exchange. Pershing Square bought 10% of UMG from the French media giant Vivendi, also owned by Bollore, in August 2021.

Source: Bangkok Post April 07, 2026 13:55 UTC