Universal Music Group Confirms Pershing Square Proposal

April 07, 2026 — 09:28 pm EDT Written byRTTNews.comforRTTNews-> (RTTNews) - Universal Music Group N.V. (UMG.AS, UNVGY, UMGNF), the Dutch-American music-based entertainment company, confirmed that it has received an unsolicited and non-binding proposal from Pershing Square Capital Management, L.P. The company stated that it will review the proposal in line with its fiduciary duties and carefully assess its implications for shareholders, employees, artists, songwriters, and other stakeholders. The Board of Directors expressed full confidence in UMG's strategy and in the leadership of Sir Lucian