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Pershing Square launches takeover bid for Universal Music

Bill Ackman's Pershing Square offered to acquire Universal Music, calling the company undervalued by markets.

Published Apr 7, 2026, 6:21 AM EDT | WFMZZ

American hedge fund Pershing Square, led by activist investor Bill Ackman, announced it had offered to buy Universal Music Group in a merger. Pershing Square said it believed the music giant was undervalued by stock markets.