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Originally published by Capital Businessbusiness
April 7, 2026
2h ago
Music giant Universal gets $64bn takeover offer
US investment company Pershing Square is offering to buy Universal in a merger that would see the new company listed in America, its billionaire chief executive Bill Ackman said. Kenya breaking news | Kenya news today |..
✨ Key Highlights
Music industry giant Universal Music Group, home to artists like Taylor Swift, has received a takeover offer valued at $64.3bn (£48bn) from US investment firm Pershing Square.
- The offer represents a potential $64.3bn valuation for Universal Music Group.
- Pershing Square, led by billionaire CEO Bill Ackman, is the entity making the offer.
- The deal aims to address what Ackman described as Universal's "languishing" stock price due to factors unrelated to its music business performance.
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