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Get the free app no ads · no paywallBusiness · 7 April 2026
Coolcaesar via Wikimedia Commons (CC BY 4.0)
A major takeover could reshape the global music industry and investor returns. Billionaire Bill Ackman’s hedge fund Pershing Square has offered to buy Universal Music Group in a cash-and-stock deal, valuing it at more than €50bn. The company, led by Sir Lucian Grainge, has seen its share price fall by over a quarter in the past year. 
Reported by The Telegraph · How we write briefs
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