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.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.