Wednesday, 27 May, 2026
$64 Billion Rejected! Bolloré Says No to Ackman’s Universal Music Push
By TechShots Studio
French billionaire Vincent Bolloré has rejected investor Bill Ackman’s reported $64 billion bid proposal involving Universal Music Group. Bolloré’s family holding company signalled it has no interest in selling its stake in the music giant, which owns artists and catalogs from some of the world’s biggest stars. The move highlights Universal Music’s growing strategic value amid booming global music streaming revenues.
Read full story at reuters