Universal Music Group Officially Rejects Bill Ackman’s $64 Billion Takeover Bid

The board of Universal Music Group has rejected an unsolicited $64 billion takeover offer from Bill Ackman’s Pershing Square Capital, the company announced on Friday. The move comes a day after key shareholder Vincent Bollore urged UMG to reject the offer. The “Board of Directors has unanimously determined that the unsolicited and non-binding proposal it […]

المصدر: Variety