Trending Now - Bolloré Advocates Against Ackman's $64B Bid for UMG

WHO:

Billboard - Bolloré Group controls roughly one third of Universal Music.

Deadline - Cyrille Bolloré is the Chair and CEO of the Bolloré Group.

WHAT:

Deadline - Cyrille Bolloré encouraged Universal Music Group (UMG) management to reject a $64.4 billion offer from Bill Ackman’s Pershing Square.

Deadline - Bolloré stated that he believed the offer undervalued the company.

WHERE:

Deadline - The comments were made at the Bolloré Group AGM in Paris.

WHY:

Deadline - Bolloré questioned whether Ackman’s management style suited the music industry.

HOW:

Billboard - Ackman’s proposed bid for UMG hinges on the approval of the Bolloré Group.

(UPDATED May 27, 2026 16:34 UTC)

Cyrille Bolloré, the Chair and CEO of the Bolloré Group, recently encouraged Universal Music Group management to reject a $64.4 billion offer from Bill Ackman’s Pershing Square, claiming the bid undervalued the company. These comments were made during the Bolloré Group's annual general meeting in Paris, where Bolloré also questioned whether Ackman’s management style was a good fit for the music industry. The proposed bid for Universal Music Group hinges on the approval of the Bolloré Group, which controls roughly one third of the company.