# Bill Ackman's Pershing Square proposes $64 billion cash and stock takeover of Universal Music Group, seeking New York listing.

*business · news · 2026-04-08 · CNBC TV18*

## Key points

- Pershing Square proposed a $64 billion cash and stock takeover of Universal Music Group.
- The offer includes moving UMG's stock listing from Amsterdam to New York as a Nevada corporation.
- UMG shareholders would receive 9.4 billion euros in cash plus 0.77 shares in the new company per share held.
- Ackman proposes adding Michael Ovitz as board chair and two Pershing Square representatives to UMG's board.
- Bollore family controls 80% of UMG's voting rights, making their approval critical for the transaction.

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

[Read the full story on CNBC TV18](https://www.cnbctv18.com/business/bill-ackmans-pershing-square-proposes-64-billion-merger-deal-with-universal-music-group-ws-l-19882529.htm)

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