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  "path": "/pro/universal-music-groups-board-rejects-pershing-square-offer/",
  "publishedAt": "2026-05-29T18:54:22.000Z",
  "site": "https://www.billboard.com",
  "tags": [
    "Business",
    "Record Labels",
    "Bill Ackman",
    "Deals",
    "mergers",
    "Music News",
    "pershing square holdings",
    "universal music group"
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  "textContent": "UMG's board believes it has a \"strong consensus\" of investors behind its decision to reject Pershing's offer, following criticism of the bid aired by its largest shareholder.",
  "title": "Universal Music Group’s Board Rejects Pershing Square Offer: ‘It Fundamentally Undervalues UMG’"
}