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Universal Music Group N.V.
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Bill Ackman's Pershing Square has closed the book on one of its most ambitious activist campaigns.
Universal Music Group (AEX:UMG) shares fell on Thursday after Bill Ackman's Pershing Square Capital Management sold its remaining holding in the music company, bringing an end to a five-year investment. According to media reports, Pershing Square sold approximately 80.6 million UMG shares through a private placement at €17.66 per share, representing roughly an 8% discount to Wednesday's closing price.
Universal Music Group said on Thursday it has repurchased some of the shares sold by Bill Ackman's Pershing Square , after the billionaire investor's takeover proposal for the music company was rejected.
Universal Music Group shares deepened their year-to-date loss after Pershing Square exited the world's biggest music company five years after its initial investment.
/PRNewswire/ -- Universal Music Group N.V. ("UMG" or "the Company") today announced that it has repurchased 14,156,285 of its ordinary shares as part of the
Bill Ackman's Pershing Square is looking to sell its stake in Universal Music Group , Bloomberg News reported on Wednesday, days after the music industry giant rebuffed the billionaire investor's takeover proposal.
HILVERSUM, The Netherlands, June 1, 2026 /PRNewswire/ -- Universal Music Group N.V. (EURONEXT: UMG) ("UMG" or "the Company") today announced that in the period from May 25, 2026 up to and including May 29, 2026 a total of 711,279 of its own shares were repurchased by the Company at an average price per share of €20.01 for a total consideration of €14,233,389. These repurchases have been made as part of the Company's €500 million share buyback program as announced on March 30, 2026.
This is a developing story.
Universal's biggest shareholder is opposed to deal, saying it undervalued the world's largest music company.
Universal Music Group's board declined an unsolicited takeover proposal from Bill Ackman's Pershing Square on Friday.
Bollorà SE (BOIVF) is drawing a hard line against Bill Ackman (Trades, Portfolio)'s proposed Universal Music Group (UMGNF) deal, with CEO Cyrille Bollorà sayi
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.
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.
Cyrille Bollore, chief executive of the Bollore Group, said on Wednesday he was urging Universal Music Group's management to reject Bill Ackman's takeover proposal, citing three key objections: the price was too low, the deal used UMG's own money rather than Ackman's, and Ackman's management style was incompatible with the label's long-term strategy.
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 Technology SA (NYSE:SPOT) set ambitious financial targets through 2030 and announced a slate of new product initiatives at its Investor Day, drawing a positive response from UBS analysts. The company outlined a mid-teens constant-currency revenue compound annual growth rate, alongside gross margin targets of 35-40% and operating margins above 20% by 2030, up from approximately 32% and 13%, respectively, in 2025.
Licensing agreement will allow listeners to use AI to create content on streaming platform for first time
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.
Spotify has struck a deal with Universal Music Group to let subscribers create AI-generated covers and remixes of songs, marking the first time the audio-streaming giant will allow users to produce AI content using its platform.
HILVERSUM, The Netherlands, May 18, 2026 /PRNewswire/ -- Universal Music Group N.V. (EURONEXT: UMG) ("UMG" or "the Company") today announced that in the period from May 11, 2026 up to and including May 15, 2026 a total of 1,082,998 of its own shares were repurchased by the Company at an average price per share of €20.00 for a total consideration of €21,659,498.
HILVERSUM, The Netherlands, May 13, 2026 /PRNewswire/ -- Universal Music Group N.V. ("UMG" or "the Company") today announced the results of its 2026 Annual General Meeting of Shareholders ("AGM") held earlier today.
We initiated four new positions in Q1, an above-average pace of activity. We also used the increased volatility to upgrade overall portfolio quality. Our three largest new positions were Amazon.com, Universal Music Group and IQVIA Holdings. In addition to sales of Humana and PayPal, we also exited our positions in social technology leader Meta Platforms and beverages company Diageo.
Pershing Square founder and CEO Bill Ackman says succession at the company is already in place. Speaking with Bloomberg's Dani Burger at the Milken Institute Global Conference in Beverly Hills, California, Ackman also discusses his bid for Universal Music Group, the rise of prediction markets and offers his views on New York City Mayor Zohran Mamdani.
Shares in Amsterdam fell more than 7% and the stock has fallen about 30% over the past 12 months.
Universal Music Group N.V. (UNVGY) Q1 2026 Earnings Call Transcript
The music company behind Lady Gaga and Taylor Swift said revenue for the three months to the end of March grew 8.1% on year at constant currency to 2.90 billion.
Universal Music Group on Wednesday said it would sell half its equity stake in Spotify and double its share buyback program, as the world's largest music company reported first-quarter revenue held back by a weaker U.S. dollar.
Announces Authorizations for Additional Share Buyback and Monetization of a Portion of Spotify Stake Q1 2026 Results Highlights 1 Revenue of €2,900 million was flat year-over-year, while it grew 8.1% in constant currency, with the consolidation of Downtown Music Holdings ("Downtown"), initial pricing benefits of Streaming 2.0 agreements, strong physical sales and healthy synchronization income contributing to growth in Recorded Music and Music Publishing. Recorded Music subscription revenue grew 4.1% year-over-year, or 12.5% in constant currency, benefitting from the consolidation of Downtown, as well as from initial pricing benefits of Streaming 2.0 agreements.
HILVERSUM, The Netherlands, April 27, 2026 /PRNewswire/ -- Universal Music Group N.V. (EURONEXT: UMG) ("UMG" or "the Company") today announced that in the period from April 20, 2026 up to and including April 24, 2026 a total of 299,517 of its own shares were repurchased by the Company at an average price per share of €20.22 for a total consideration of €6,055,835.
HILVERSUM, The Netherlands, April 20, 2026 /PRNewswire/ -- Universal Music Group N.V. (EURONEXT: UMG) ("UMG" or "the Company") today announced that in the period from April 13, 2026 up to and including April 17, 2026 a total of 920,787 of its own shares were repurchased by the Company at an average price per share of €20.22 for a total consideration of €18,622,568.
US billionaire Bill Ackman has made a $64.7 billion bid for Universal Music Group — home to Taylor Swift and Drake. Benoit Berthelot explains.
HILVERSUM, The Netherlands, April 13, 2026 /PRNewswire/ -- Universal Music Group N.V. (EURONEXT: UMG) ("UMG" or "the Company") today announced that in the period from April 6, 2026 up to and including April 10, 2026 a total of 400,000 of its own shares were repurchased by the Company at an average price per share of €19.39 for a total consideration of €7,757,470.
Three days after Bill Ackman (Trades, Portfolio) outlined a proposal to combine Universal Music Group (UMGNF) with his acquisition vehicle, the market reaction
Market analysts are split over whether Universal Music Group's top stakeholders will support billionaire Bill Ackman's Pershing Square proposed $64 billion takeover of the music label.
HILVERSUM, The Netherlands, April 7, 2026 /PRNewswire/ -- Universal Music Group N.V. (EURONEXT: UMG) ("UMG" or "the Company") today confirmed that its Board of Directors received an unsolicited and non-binding proposal from Pershing Square Capital Management, L.P.
Pershing Square has made a $64 billion cash-and-stock bid to acquire Universal Music. The music label is home to nine of the Top 10 artists of 2025.
The proposal values the music giant at about $35 per share -- a roughly 78% premium to where the stock was trading before the offer surfaced.
Bill Ackman's Pershing Square has offered to buy Universal Music Group via its acquisition vehicle in a $64 billion deal that would move the world's biggest music label's listing to New York from Amsterdam.
Pershing Square Capital Management made an offer that values the record label behind Taylor Swift at about $64 billion.
Pershing Square has proposed a merger to address the stock's “underperformance.”
Bill Ackman's Pershing Square has proposed a cash-and-shares deal to acquire the world's largest music company, Universal Music Group (AEX:UMG), aiming to shift its primary listing to New York. Under the proposal, UMG shareholders would receive €9.4 billion in cash and 0.77 shares in the new entity for each share held.
The new entity would become a Nevada corporation and listed on the New York Stock Exchange, Ackman's Pershing Square said.
Bill Ackman's Pershing Square said Universal Music's stock price has "languished" due to a range of issues that can be addressed with the merger. In this article PSH-NL
Bill Ackman's Pershing Square said on Tuesday it proposed to buy Universal Music Group in a cash-and-stock deal worth about 55.75 billion euros ($64.31 billion).
HILVERSUM, The Netherlands, April 1, 2026 /PRNewswire/ -- Universal Music Group N.V. (EURONEXT: UMG) announced today that it will release its financial results for the first quarter ended March 31, 2026 after the close of the Euronext market on April 29, 2026.
Universal Music Group remains a buy as Streaming 2.0 agreements are materializing, positioning the company for renewed earnings growth. Core subscription revenue growth is robust, with over 8% growth for six consecutive quarters, even before Streaming 2.0 benefits fully materialize. The Downtown acquisition broadens UMGNF's growth story, expanding reach to over 5,000 business clients and 4 million creators, diversifying revenue streams.
Universal Music Group NV (UMGNF) is moving to close what management sees as a gap between price and performance, announcing plans to repurchase â¬500 million o
HILVERSUM, The Netherlands, March 26, 2026 /PRNewswire/ -- Universal Music Group N.V. ("UMG" or "the Company") today published its 2025 annual report and the agenda for its 2026 annual general meeting of shareholders ("2026 AGM"), which is to be held on May 13, 2026, starting at 2:00 p.m. CEST, in Amsterdam, the Netherlands.
Our largest portfolio company, Samsung Electronics, outperformed in 2025 after underperforming in 2024. Samsung was awarded HBM qualification with NVIDIA in 2025 and ramped production quickly. South Korea is in the process of launching a broad set of reforms as part of its 'value-up' reforms modeled after the program in Japan.
Universal Music Group N.V. (UNVGY) Presents at BNP Paribas Exane TMT Conference Transcript
Universal Music Group has underperformed since its 2021 IPO, with shares down 25% and persistent earnings disappointments. Despite its dominant industry position and attractive valuation—12x forward EBITDA—UMGNF's revenue growth remains weak and profits have declined. Recent quarters reveal unpredictable expenses and lackluster growth, with Q4 revenue up only 4.8% and adjusted EBITDA rising just 3.4%.
