Jacob Smith1 Jun 2026Universal 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 4 likes3 comments#universalmusic#billackman#musicindustry#businessnews
