Universal Music Group Rejects Bill Ackman's Takeover Bid

Music giant Universal Music Group has declined a takeover offer from billionaire Bill Ackman, stating that Pershing Square's bid fundamentally undervalued the company.

29 May, 19:29 — 29 May, 19:29

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BBCHigh8d ago

Universal rejects billionaire Bill Ackman's takeover bid

The music giant said Pershing Square's offer fundamentally undervalued the business.

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Universal Music Group Rejects Bill Ackman's Takeover Bid

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Universal rejects billionaire Bill Ackman's takeover bid

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