Pansing Square, under Bill Ackman, proposes to acquire Universal Music Group at a 78% premium

2026-04-07 07:07:48

Investing.com - Pershing Square Capital Management said on Tuesday that it has submitted a non-binding proposal to acquire Universal Music Group (Universal Music Group, UMG). The deal values the music company at about €30.40 per share, a premium of 78% over its share price. Shareholders would be offered €5.05 in cash per share and 0.77 shares in the newly listed entity.

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The hedge fund, led by Bill Ackman, said the transaction will be carried out through a merger with Pershing Square SPARC Holdings, resulting in a U.S. publicly traded company on the New York Stock Exchange. The fund added that it expects the transaction to be completed by the end of the year, has already obtained financing commitments, and plans to cancel about 17% of its stake in Universal Music Group.

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