Why Is Bill Ackman Targeting Universal Music With Nearly $64 Billion Deal

Bill Ackman’s Pershing Square has proposed a major deal to merge its acquisition vehicle with Universal Music Group and relist the combined entity in the United States, reported by Reuters. The offer values UMG at about 55.75 billion euros, representing a significant premium over its recent share price.

According to the report, the move aims to boost UMG’s valuation and liquidity after its stock underperformed since its 2021 listing in Amsterdam. Ackman cited uncertainty around major shareholders and delays in a U.S. listing as key reasons for the proposal.

Bill Ackman’s Pershing Square offers to buy Universal Music Group https://t.co/lowH1SrtI7

— Financial Times (@FT) April 7, 2026

The plan would see Pershing’s SPARC Holdings merge with UMG and list the new entity on the New York Stock Exchange. UMG shareholders would receive a mix of cash and shares under the deal structure, the report said.

Shares of UMG and its major investor Bollore rose following the announcement. The transaction, if approved, is expected to close by the end of the year.

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tippinsightsTIPP Staff