Bill Ackman’s Pershing Square Officially Sells Its ‘Entire’ Universal Music Position — UMG Buys Back 14.2 Million Shares

▤ Summary

Universal Music Group bought back 14.2 million shares as Bill Ackman’s Pershing Square exited its entire UMG position. The repurchase used part of UMG’s €1 billion share-repurchase authorization and cost about €250 million. The move follows a failed takeover attempt and ends a contentious relationship between Ackman and UMG. The article also notes broader investor activity around UMG, including interest from other third parties and earlier stake purchases by Independent Franchise Partners.

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