As expected, Universal Music Group’s board has formally rejected Pershing Square’s $64 billion takeover proposal after being urged to do so by Bolloré Group. We covered Bolloré Group’s clear-cut opposition to the bid earlier this week, when CEO Cyrille Bolloré criticized key elem…
IndustryFirst reported 30 may, 06:00 / 1 outlet
Universal Music Board Unanimously Rejects Pershing Square Takeover Bid, Says ‘It Fundamentally and Materially Undervalues UMG’
Single-source story
Digital Music News is the only tracked outlet reporting this. Read it at the source below.
Only one tracked outlet has this. Le Raver links to it rather than summarising it.
Coverage breakdown
1 source
1 original reporting
0 ran the press release
How this story was covered
1 tracked outlet has reported this story, first published 30 May, 06:00. Digital Music News published first among the outlets Le Raver tracks. The one report Le Raver has classified carried original reporting. That is 1 of the 26 outlets Le Raver tracks. No other tracked outlet has covered it, so this page links out rather than summarising it.
How it unfolded
- 30 May, 06:00Digital Music NewsFirstUniversal Music Board Unanimously Rejects Pershing Square Takeover Bid, Says ‘It Fundamentally and Materially Undervalues UMG’