{"id":65,"date":"2026-05-27T13:41:57","date_gmt":"2026-05-27T13:41:57","guid":{"rendered":"https:\/\/coasttocoastmoverss.com\/?p=65"},"modified":"2026-05-27T13:41:57","modified_gmt":"2026-05-27T13:41:57","slug":"bill-ackman-dealt-blow-in-64-billion-bid-for-universal-music-group-by-major-shareholder-bollore","status":"publish","type":"post","link":"https:\/\/coasttocoastmoverss.com\/?p=65","title":{"rendered":"Bill Ackman Dealt Blow In $64 Billion Bid For Universal Music Group By Major Shareholder Bollor\u00e9"},"content":{"rendered":"<div>\n<h2>What Do We Know About Ackman\u2019s Bid For Umg?<\/h2>\n<p>Ackman announced his bid to acquire the record label in April, saying the company\u2019s \u201cstock price has languished due to a combination of issues that are unrelated to the performance of its music business.\u201d Ackman\u2019s transaction would merge the record label with Pershing Square SPARC Holdings, move UMG\u2019s primary stock listing from Amsterdam to the New York Stock Exchange and would value the company at about $35.13 per share. Upon the announcement of his bid, UMG\u2019s shares surged about 10%. Ackman said the cash portion of the transaction would be funded with about $2.9 billion in cash from Pershing Square, $6.2 billion in debt financing and $1.7 billion from selling UMG\u2019s stake in Spotify. Some analysts, though, doubted Ackman\u2019s offer would go far. Nicolas Marmurek, an analyst at Square Global, told Bloomberg in April the proposal \u201clooks very much dead from the start\u201d without Bollor\u00e9\u2019s backing, saying he doubted Bollor\u00e9 would accept Ackman\u2019s terms. <\/p>\n<p>Read more <a href=\"https:\/\/coasttocoastmoverss.com\/?p=63\">Election Betting Markets Believe The Texas Senate Race Is A Toss-Up<\/a><\/p>\n<h2>Key Background<\/h2>\n<p>Ackman expressed interest in UMG as early as 2021, announcing his intention to purchase a 10% stake in the company. He initially said he would buy a 10% stake through his SPAC, but then purchased the stake through Pershing Square after pushback from regulators. Ackman sat on the company\u2019s board of directors until he resigned in 2025, citing other commitments. While on the board, he pushed for UMG to move its stock listing to New York, saying it \u201ctrades at a large discount to its intrinsic value with limited liquidity in significant part due to it not having its primary listing\u201d in the United States.<\/p>\n<h2>Forbes Valuation<\/h2>\n<p>Ackman is worth $9 billion, according to Forbes estimates. He is the founder of Pershing Square, a hedge fund with $20 billion in assets under management. Vincent Bollor\u00e9 and family are worth $10.7 billion, according to Forbes estimates. The Bollor\u00e9 Group was founded in 1822 as a paper manufacturer. <\/p>\n<p>Read more <a href=\"https:\/\/coasttocoastmoverss.com\/?p=61\">Trump Attacks Biden After Ex-President Sues To Block DOJ\u2019s Release Of His Audio Recordings<\/a><\/p>\n<div><\/div>\n<h2>Further Reading<\/h2>\n<p>Universal Music Group Shares Surge After Bill Ackman\u2019s Pershing Square Offers To Purchase Label (Forbes)<\/p>\n<p>Read more <a href=\"https:\/\/coasttocoastmoverss.com\/?p=59\">Rubio Says \u2018Solid\u2019 US-Iran Deal Could Happen \u2018Maybe Today\u2019 As Global Markets Rise<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Bollor\u00e9 Group, a major shareholder in Universal Music Group, urged the record label to reject Bill Ackman\u2019s $64 billion bid, saying it undervalues the company.<\/p>\n","protected":false},"author":1,"featured_media":64,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-65","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - 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