{"id":191,"date":"2026-05-29T22:17:42","date_gmt":"2026-05-29T22:17:42","guid":{"rendered":"https:\/\/coasttocoastmoverss.com\/?p=191"},"modified":"2026-05-29T22:17:42","modified_gmt":"2026-05-29T22:17:42","slug":"universal-music-group-rejects-bill-ackmans-65-billion-bid-that-undervalues-firm","status":"publish","type":"post","link":"https:\/\/coasttocoastmoverss.com\/?p=191","title":{"rendered":"Universal Music Group Rejects Bill Ackman\u2019s $65 Billion Bid That \u2018Undervalues\u2019 Firm"},"content":{"rendered":"
\n

Bill Ackman\u2019s Takeover Bid For Umg<\/h2>\n

Ackman announced Pershing Square\u2019s offer for UMG in April, pointing to a decline in the company\u2019s stock price that Ackman blamed on \u201ca combination of issues that are unrelated to the performance of its music business.\u201d The offer valued UMG at $35.13 per share and would merge the record label with Pershing Square SPARC Holdings, move UMG\u2019s primary stock listing from Amsterdam to the New York Stock Exchange. Ackman previously claimed the Bollor\u00e9 Group was \u201cintrigued\u201d by his offer, but noted without the shareholder\u2019s support, \u201cwe don\u2019t have a transaction.\u201d<\/p>\n

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Key Background<\/h2>\n

Ackman has expressed interest in UMG for years, announcing in 2021 that he would purchase a 10% stake in the firm. He sat on UMG\u2019s board of directors until he resigned in 2025, citing other commitments, but during his short tenure, he urged UMG to move its stock listing to New York, arguing it traded at a discount because the stock was not traded in the U.S. UMG\u2019s stock has steadily declined in recent years, falling by more than 30% over the last year, and reported rising content and operating costs through its latest quarter as earnings fell below expectations.<\/p>\n

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Forbes Valuation<\/h2>\n

Ackman, who created Pershing Square in 2004, has an estimated net worth of $8.9 billion as of Friday. Vincent Bollor\u00e9\u2014father to Cyrille Bollor\u00e9\u2014and his family have a net worth of $10.5 billion, according to Forbes\u2019 estimates.<\/p>\n

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<\/div>\n

Further Reading<\/h2>\n

Forbes<\/span>Bill Ackman Dealt Blow In $64 Billion Bid For Universal Music Group By Major Shareholder Bollor\u00e9<\/span>By Conor Murray<\/span><\/small><\/span><\/span><\/div>\n","protected":false},"excerpt":{"rendered":"

The offer \u201cfundamentally and materially undervalues\u201d the company, UMG\u2019s board said.<\/p>\n","protected":false},"author":1,"featured_media":190,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-191","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"\nUniversal Music Group Rejects Bill Ackman\u2019s $65 Billion Bid That \u2018Undervalues\u2019 Firm - Coast to Coast Movers<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coasttocoastmoverss.com\/?p=191\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Universal Music Group Rejects Bill Ackman\u2019s $65 Billion Bid That \u2018Undervalues\u2019 Firm - 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