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Investor offers $65 billion for Universal Music
Los Angeles Times
|April 08, 2026
Billionaire investor Bill Ackman has launched a $65-billion bid to purchase Universal Music Group, or UMG, the label representing some of music’s biggest names, including Taylor Swift, Kendrick Lamar and Bad Bunny.
BILL ACKMAN is the CEO of Pershing Square Capital Management.
(JEENAH MOON Bloomberg)
As part of the proposed deal, UMG would merge with Ackman’s investment firm, Pershing Square Capital Management, and the company’s stock listing would be relocated from Amsterdam to the New York Stock Exchange.
Pershing Square already holds more than 4.5% of the music giant’s shares. Ackman said the move to a U.S.-based stock exchange would increase the value of UMG.
“UMG's stock price has languished due to a combination of issues that are unrelated to the performance of its music business and, importantly, all of them can be addressed with this transaction,” Ackman said in a statement.
Dit verhaal komt uit de April 08, 2026-editie van Los Angeles Times.
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