Akerman's Pansing Square proposes to acquire Universal Music Group

MaticHoleFiller · 2026-04-11T22:46:48+00:00

Pansing Square, under Bill Ackman's leadership, announced plans to acquire Universal Music Group with cash and stock, valuing each share at €30.4, with the deal expected to be completed by the end of the year. Ackman stated that Universal Music's stock price is low, but the transaction can resolve related issues.

MaticHoleFiller

2026-04-11 22:46:48

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American hedge fund giant Bill Ackman’s Pershing Square announced on Tuesday that it plans to acquire Universal Music Group (UMG) through a cash and stock offer, and has submitted a non-binding proposal.

Pershing Square stated that its offer values Universal Music at approximately €30.4 per share.

According to the terms of the proposal, Universal Music will merge with Pershing Square to form a new company, which will be listed on the New York Stock Exchange. The transaction is expected to be completed by the end of the year.

Bill Ackman said in a statement on Tuesday, “Since Universal Music went public, Sir Lucian Grainge and his management team have done an excellent job nurturing and continuously building a world-class roster of artists and generating strong business performance.”

“However, the stock price of Universal Music has been sluggish, mainly due to a series of issues unrelated to the music business performance. Importantly, all of these issues can be addressed through this transaction.”

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