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The Independent UK

Business

Henry Saker-Clark

Billionaire investor plots huge £48bn takeover of Universal Music Group

Universal United States Universal Music Group Bill Ackman Pershing Square Abbey Road Studios UMG Beatles

Universal Music Group owns Abbey Road Studios (Aaron Chown/PA) - (PA Archive)

Billionaire investor Bill Ackman’s Pershing Square investment vehicle has made an offer to acquire Universal Music Group (UMG), the world’s largest music company.

The US firm has proposed a cash and stock deal for the Dutch-US business, which operates iconic Abbey Road studios and labels including EMI and Island Records.

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