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The Independent UK
The Independent UK
Business
Erin Keller

Trump-backer Bill Ackman makes pitch to buy record label that is home to Taylor Swift, Drake and Adele

Bill Ackman Adele Drake Taylor Swift UMG Donald Trump Pershing Square United States Universal Music Group

Billionaire financier Bill Ackman and his investment firm, Pershing Square, offered to buy Universal Music Group Tuesday, the largest music company in the world that represents global stars like Taylor Swift, Drake and Adele.

The offer, announced in a letter to UMG’s board of directors, would see the company merge with Pershing Square’s acquisition vehicle and relocate its stock listing from Amsterdam to New York, a change Ackman, who publicly supported and endorsed President Donald Trump in the 2024 election, has previously advocated.

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