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Ackman's Pershing Square offers to buy Universal Music for nearly $65 billion

ReutersApr 7, 2026 6:13 AM

April 7 (Reuters) - Bill Ackman's Pershing Square PSHP.L said on Tuesday it proposed to buy Universal Music Group UMG.AS in a cash-and-stock deal worth about 55.75 billion euros ($64.31 billion).

The deal value is based on Reuters calculations.

Pershing Square said its offer estimates Universal Music at about 30.4 euros per share.

Universal Music's shares last closed at 17.1 euros.

($1 = 0.8674 euros)

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

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