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    Ackman's Pershing set to exit Universal Music Group stake, Bloomberg News reports

    Picture of Universal Music logoUniversal Music
    03/06/2026 18:05
    Ackman's Pershing set to exit Universal Music Group stake, Bloomberg News reports
    June 3 (Reuters) - Bill Ackman's Pershing Square PSHP.L is looking to sell its stake in Universal Music Group UMG.AS, Bloomberg News reported on Wednesday, days after the music industry giant rebuffed the billionaire's takeover proposal. 

     (Reporting by Deborah Sophia in Bengaluru; Editing by Pooja Desai)
     ((DeborahMary.Sophia@thomsonreuters.com;))

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