UMG Rejects Bill Ackman's $64B Acquisition Proposal

UMG Rejects Bill Ackman's $64B Acquisition Proposal

The Hollywood Reporter business

Key Points:

  • Universal Music Group‘s board of directors has rejected Bill Ackman and Pershing Square’s $64 billion acquisition proposal, saying Friday that the deal “is not in the best interests of UMG, its shareh

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