Anonymous14 days ago
Universal Music Group's board unanimously rejected Bill Ackman's $64 billion unsolicited takeover bid on May 29, 2026, calling it a proposal that "fundamentally and materially undervalues" the company. The rejection, backed by the decisive opposition of the Bolloré Group's 28% voting block, raises questions about UMG's true standalone value, the governance barriers embedded in Dutch corporate law, and whether Ackman's ambitious plan to relist UMG on the NYSE and grow it into a $100 billion-plus company was ever realistic.