Bolloré Group Challenges Bill Ackman’s $65 Billion Universal Music Bid
Cyrille Bolloré, chief executive of the Bolloré Group, publicly urged Universal Music Group (UMG) to reject a proposed $65 billion acquisition bid from Bill Ackman’s Pershing Square Capital Management this week. The rejection marks a significant escalation in the corporate maneuvering surrounding the world’s largest music company, as major shareholders weigh the long-term value of…