Bill Ackman's Pershing Square Set To Make $600 Million on Universal Stake
The hedge-fund firm first invested in the company in 2021 and has failed to clinch two proposed deals.
Universal Music Group Rejects Bill Ackman's $65 Billion Bid That ‘Undervalues' Firm
This is a developing story.
Universal Music Group Rejects $65 Billion Buyout Offer From Bill Ackman
Universal's biggest shareholder is opposed to deal, saying it undervalued the world's largest music company.
Universal Music Group declines Pershing Square proposal
Universal Music Group's board declined an unsolicited takeover proposal from Bill Ackman's Pershing Square on Friday.
Universal Corporation (UVV) Q4 2026 Earnings Call Transcript
Universal Corporation (UVV) Q4 2026 Earnings Call Transcript
Universal Q4 Earnings Call Highlights
Universal NYSE: UVV said its fiscal 2026 results were pressured by a non-cash goodwill impairment in its ingredients business and higher inventory write-downs tied mainly to non-wrapper dark air-cured tobacco, even as management described the company's core flue-cured and burley tobacco operations as solid.
Universal Corp. (UVV) Reports Q4 Loss, Lags Revenue Estimates
Universal Corp. (UVV) came out with a quarterly loss of $0.46 per share versus the Zacks Consensus Estimate of $1.08. This compares to earnings of $0.8 per share a year ago.
Bill Ackman Dealt Blow In $64 Billion Bid For Universal Music Group By Major Shareholder Bolloré
Ackman announced his bid to acquire the record label in April, saying the company's “stock price has languished due to a combination of issues that are unrelated to the performance of its music business.” Ackman's transaction would merge the record label with Pershing Square SPARC Holdings, move UMG's primary stock listing from Amsterdam to the New York Stock Exchange and would value the company at about $35.13 per share.
Universal Music Shareholder Bollore Throws Cold Water On Ackman's $65 Billion Bid for Record Label
Cyrille Bollore, the chief executive of the Bollore Group, called on the record label to ditch the bid from Pershing Square Capital, saying that it undervalued Universal.
Universal Music Group and TikTok renew agreement to combat unauthorized AI music
Universal Music Group (UMG) and TikTok recently announced the renewal of their licensing agreement, which includes a commitment to get rid of unauthorized AI-generated music from the platform improve how artists and songwriters are credited.
Spotify And Universal Just Put AI Music Behind A Paywall
The press release called it “landmark.” The real story is control.
Spotify and Universal Music strike deal allowing fan-made AI covers and remixes
Watch out, Suno. Spotify on Thursday announced it has partnered with Universal Music Group (UMG) to allow fans to use generative AI technology to create covers and remixes of their favorite songs.
