Universal Music Board Unanimously Rejects Pershing Square Takeover Bid

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On June 1, 2026
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Universal Music Board Unanimously Rejects Pershing Square Takeover Bid, Says ‘It Fundamentally and Materially Undervalues UMG’

As expected, Universal Music Group’s board has formally rejected Pershing Square’s $64 billion takeover proposal after being urged to do so by Bolloré Group.

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