{"id":720246,"date":"2026-04-07T12:25:09","date_gmt":"2026-04-07T09:25:09","guid":{"rendered":"https:\/\/buradabiliyorum.com\/en\/bill-ackman-proposes-buying-universal-music-group-for-e56b\/"},"modified":"2026-04-07T12:25:09","modified_gmt":"2026-04-07T09:25:09","slug":"bill-ackman-proposes-buying-universal-music-group-for-e56b","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bill-ackman-proposes-buying-universal-music-group-for-e56b\/","title":{"rendered":"Bill Ackman proposes buying Universal Music Group for \u20ac56B"},"content":{"rendered":"
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Pershing Square\u2019s non-binding proposal values UMG at \u20ac30.40 per share, a 78% premium to its last closing price. Ackman argues the world\u2019s largest music label has been undervalued by structural factors, including the Bollor\u00e9 Group\u2019s 18% stake and the postponement of a US listing, that have nothing to do with its underlying business.<\/span><\/i><\/p>\n\n

Bill Ackman\u2019s Pershing Square Capital Management has submitted a non-binding proposal to the board of Universal Music Group to acquire the world\u2019s largest music label in a cash-and-stock deal that Reuters calculates at approximately \u20ac55.75 billion ($64.3 billion)<\/a>. <\/span>The offer values UMG at \u20ac30.40 per share, a 78% premium to the stock\u2019s last closing price of \u20ac17.10.<\/span><\/p>\n

Under the proposal, UMG shareholders would receive \u20ac5.05 per share in cash, a total cash outlay of \u20ac9.4 billion, plus 0.77 shares of a newly created entity, New UMG, for each share held. <\/span><\/p>\n

The transaction would be structured as a merger with Pershing Square SPARC Holdings, an SEC-registered acquisition vehicle, and the resulting company would list on the New York Stock Exchange under US GAAP accounting, making it eligible for S&P 500 index inclusion. <\/span><\/p>\n

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Pershing Square said all equity financing would be backstopped by itself and its affiliates, and debt financing would be committed at signing. The company expects the deal to close by the end of 2026.<\/span><\/p>\n

Ackman has framed the offer as a remedy for structural problems rather than a commentary on UMG\u2019s music business. <\/span><\/p>\n

In a letter to UMG\u2019s board, he said management under CEO Sir Lucian Grainge had \u201cdone an excellent job nurturing and continuing to build a world-class artist roster and generating strong business performance,\u201d<\/em> but that UMG\u2019s stock price had \u2018languished due to a combination of issues that are unrelated to the performance of its music business.\u2019 <\/em><\/span><\/p>\n

The four factors he cited: uncertainty over the Bollor\u00e9 Group\u2019s 18% stake in the company; the postponement of UMG\u2019s planned US stock listing; underutilisation of UMG\u2019s balance sheet; and the absence of a publicly disclosed capital allocation plan and earnings algorithm.<\/span><\/p>\n

Pershing Square\u2019s involvement with UMG dates to 2021, when Ackman acquired a 10% stake via a deal with Vivendi, UMG\u2019s then-parent. That stake made Pershing Square one of UMG\u2019s largest shareholders before UMG listed on the Amsterdam Euronext exchange in September 2021. <\/span><\/p>\n

The relationship has not always been smooth: Variety reported Ackman had been \u2018sparring with UMG management\u2019 in the period since. The proposed merger would cancel app<\/a>roximately 17% of UMG\u2019s outstanding shares, leaving New UMG with 1.541 billion shares outstanding, while preserving the company\u2019s investment-grade credit rating.<\/span><\/p>\n

Sullivan & Cromwell, White & Case, and Stibbe are serving as legal advisors to Pershing Square and SPARC. Jefferies is acting as financial advisor. The proposal is non-binding, and UMG\u2019s board has not yet responded publicly.\u00a0<\/span><\/p>\n<\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Pershing Square\u2019s non-binding proposal values UMG at \u20ac30.40 per share, a 78% premium to its last closing price. Ackman argues the world\u2019s largest music label has been undervalued by structural factors, including the Bollor\u00e9 Group\u2019s 18% stake and the postponement of a US listing, that have nothing to do with its underlying business. Bill Ackman\u2019s…<\/p>\n","protected":false},"author":1,"featured_media":720247,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2026\/04\/Universal-Music.png","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[],"class_list":["post-720246","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/720246","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=720246"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/720246\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/720247"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=720246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=720246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=720246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}