Ackman Targets Universal Music in $64bn Bid, Pushing for New York Relisting and Governance Reset
Bill Ackman’s Pershing Square has proposed a $64bn cash-and-shares takeover of Universal Music Group at a large premium, pairing the bid with a plan to shift the listing from Amsterdam to New York. The proposal faces feasibility constraints from concentrated voting control and broader industry headwinds including slowing streaming growth and AI-driven rights uncertainty.