Bill Ackman to Sell Remaining Universal Music Stock After Failed Acquisition Bid

The Hollywood Reporter·Jun 3

✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source

Bill Ackman's Pershing Square is selling its remaining stake in Universal Music Group after a failed acquisition bid. The sale of the stake, reportedly worth around $1.5 billion, is expected to generate a significant profit, potentially over $600 million. Universal Music Group's shares have fallen following the announcement of the sale.

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Bill Ackman’s Pershing Square is selling its remaining Universal Music Group stake, days after UMG rejected its $64B takeover bid

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