M&A

Universal Music shares surge as Pershing Square tables €55bn bid

By Frank Prenesti

Date: Tuesday 07 Apr 2026

(Sharecast News) - US hedge fund Pershing Square has offered to buy Universal Music Group in a cash and stock deal valuing the company at around €55bn and sending its stock soaring on Tuesday.


Shareholders will receive a total of €9.4bn in cash and 0.77 shares of new...

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