Bolloré deals blow to Ackman’s €55bn offer for Universal Music

Chief of family group controlling nearly a third of UMG shares says bid should be rejected

Bill Ackman Dealt Blow In $64 Billion Bid For Universal Music Group By Major Shareholder Bolloré - Forbes

Bill Ackman Dealt Blow In $64 Billion Bid For Universal Music Group By Major Shareholder Bolloré  Forbes

Bolloré Pushes Universal Music Group to Reject Ackman’s $64B Acquisition Proposal

"He is not making an offer with ​his own money, it is our money, the company's money," Cyrille Bolloré said on Wednesday of Ackman's proposal.

By Ethan Millman

Cyrille Bolloré Encourages Universal Music Group To Reject Bill Ackman’s $64B Offer

Cyrille Bolloré, Chair and CEO of the Bolloré Group, has encouraged Universal Music Group (UMG) management to reject a $64.4B offer from Bill Ackman’s Pershing Square. Speaking at the Bolloré Group AGM in Paris on Wednesday, Bolloré said he believed the offer undervalued the company and also questioned whether Ackman’s management style suited the music […]

By Melanie Goodfellow

Bollore rejects Ackman's $64 billion bid on Universal Music

Bolloré CEO says Ackman’s offer for Universal Music is too low - reports

Bolloré Group Urges UMG Board to Reject Bill Ackman’s Purchase Bid: ‘The Price is Not There’

Bolloré Group controls roughly one third of Universal Music, with Ackman’s proposed bid for the company hinging on their approval.

By Ariel King