Pershing Square set to sell Universal Music stake after bid rejection
Pershing Square Capital Management plans to sell its stake in Universal Music Group after the company's board rejected Bill Ackman's $64 billion takeover bid. The board deemed the offer fundamentally undervalued the company and insufficient compared to their existing strategies. This decision marks the end of a complex relationship between Ackman and UMG, as he shifts from a board member to a seller of his shares.
- ▪Bill Ackman's $64 billion takeover bid for Universal Music Group was rejected by the company's board.
- ▪The board stated that the offer undervalued UMG and did not present a superior value creation strategy.
- ▪Ackman's stake in UMG has decreased from nearly 10% to approximately 4.5% since he served on the board.
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Pershing Square set to sell Universal Music stake after bid rejection Bill Ackman's $64 billion takeover bid was rejected by UMG's board, which called the offer a fundamental undervaluation of the company. Share Add us on Google by Editorial Team Jun. 3, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); Bill Ackman’s relationship with Universal Music Group just went from complicated to over.
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