Ackman's UMG bid sees analysts split on Bolloré's next move
Published on April 8, 2026.
Bill Ackman, founder and CEO of Pershing Square Capital Management, has proposed a bid to buy UMG (UMG) from French tycoon Vincent Bolloré, along with Vivendi (Viv.PA), which hold nearly 32% of UMG's shares. Analysts are split on whether these shareholders would welcome the value creation from a U.S. listing or prefer to retain more control of the company. The cash-and-shares offer is valued at around 30.40 euros per share, higher than the stock's all-time high of 29.49 euros from May 2024. However, J.P. Morgan and Alphadine analysts do not expect the duo of Bolloree and Vivendi to support the deal.
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