Join heats.social for the full experience
Explore →Universal Music, home to Taylor Swift and Drake, receives €55bn takeover offer
<p>Bill Ackman’s Pershing Square claims world’s biggest music company has suffered because of delay of US listing</p><ul><li><p><a href="https://www.theguardian.com/business/live/2026/apr/07/oil-price-rises-trump-deadline-iran-reopen-strait-of-hormuz-imf-business-live-news">Business live – latest updates</a></p></li></ul><p>Billionaire Bill Ackman’s hedge fund has offered to buy Universal Music Group (UMG) in a deal that values the world’s biggest music company at about €55bn (£48bn).</p><p>Pershing Square, the New-York based hedge fund, has made a bid for the business, which is home to artists including Taylor Swift and Elton John, with a cash and stock deal that would move its stock market listing from Amsterdam to New York.</p> <a href="https://www.theguardian.com/business/2026/apr/07/universal-music-group-takeover-offer-bill-ackman-pershing-square">Continue reading...</a>
<p>Bill Ackman’s Pershing Square claims world’s biggest music company has suffered because of delay of US listing</p><ul><li><p><a href="https://www.theguardian.com/business/live/2026/apr/07/oil-price-rises-trump-deadline-iran-reopen-strait-of-hormuz-imf-business-live-news">Business live – latest updates</a></p></li></ul><p>Billionaire Bill Ackman’s hedge fund has offered to buy Universal Music Group (UMG) in a deal that values the world’s biggest music company at about €55bn (£48bn).</p><p>Pershing Square, the New-York based hedge fund, has made a bid for the business, which is home to artists including Taylor Swift and Elton John, with a cash and stock deal that would move its stock market listing from Amsterdam to New York.</p> <a href="https://www.theguardian.com/business/2026/apr/07/universal-music-group-takeover-offer-bill-ackman-pershing-square">Continue reading...</a>