Jacob Smith

1 Jun 2026

Universal Music Group has rejected a $64.3 billion takeover proposal… – Jacob Smith

Universal Music Group has rejected a $64.3 billion takeover proposal from billionaire Bill Ackman’s investment firm, Pershing Square. The company said the offer was not in the best interests of shareholders, artists, fans or other stakeholders and significantly undervalued the business. Universal, home to major stars including Taylor Swift, Sabrina Carpenter and Kendrick Lamar, remains one of the world’s most influential music companies. #UniversalMusic #BillAckman #MusicIndustry #BusinessNews #