# Bill Ackman's Pershing Square has proposed a deal to merge Universal Music Group with its investment fund.

*business · news · 2026-04-07 · The Economic Times*

## Key points

- Pershing Square proposed merging Universal Music Group with its fund and listing in the United States.
- The offer values UMG at €30.40 per share, a 78% premium over its last closing price.
- Michael Ovitz, ex-Disney president, would become board chairman if the deal proceeds.
- UMG shareholders would receive €9.4 billion in cash and 0.77 shares in the new entity per share held.
- The proposal could force UMG management changes and challenge their emerging markets growth strategy.

**Companies:** Universal Music Group, Pershing Square, Bollore Group, Vivendi, Tencent Holdings
**Countries:** United States, France, Netherlands

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/tech/technology/bill-ackmans-pershing-square-proposes-64-billion-merger-deal-with-universal-music-group/articleshow/130085215.cms)

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