Bloomberg Technology | Ackman’s Pershing Square Offers to Buy Universal Music Group by Charlotte Hughes-Morgan Pershing Square Capital Management has offered to buy Universal Music Group for €9.4 billion ($10.8 billion) in cash plus shares, according to a Bloomberg Terminal statement on Tuesday. The proposal involves a merger with Pershing Square SPARC Holdings, Ltd., an SEC-registered acquisition company, which would result in the newly combined entity becoming a Nevada corporation. The merged company would shift its primary stock listing from Amsterdam to the New York Stock Exchange, marking a significant change in Universal Music Group’s corporate structure and market presence. This move reflects Pershing Square’s strategy to consolidate and reposition high-value assets within a U.S.-listed framework. The offer underscores growing interest in major music rights holders as streaming continues to drive revenue growth in the industry. Universal Music Group, home to artists across genres and generations, represents one of the most valuable portfolios in global entertainment, making it a prime target for strategic investment. Pershing Square’s move signals confidence in the long-term value of music intellectual property in the digital era. Read more: https://www.bloomberg.com/news/articles/2026-04-07/ackman-s-pershing-square-offers-to-buy-universal-music-group #ackman #pershingsquarecapitalmanagement #universalmusicgroup #sparcholdings #newyorkstockexchange