American billionaire Bill Ackman's Pershing Square has proposed a $64 billion deal to merge Universal Music Group (UMG) with its investment fund to revive the labels valuation with a listing in the United States, as per a Reuters report. It makes the deal worth 55.75 billion euros ($64.31 billion), Reuters calculated. The Amsterdam-listed label's shares rose 12% today, while top shareholder Bollore Group climbed 7%. New York listing to boost UMG shares? Pershing Square said that under the transaction UMG shareholders would receive a total of 9.4 billion euros in cash and 0.77 shares in the new company for every share held in UMG.

Source: Mint April 07, 2026 16:35 UTC