Ackman’s Pershing Square offers to buy Universal Music for nearly $65 billion

April 7 : Bill Ackman’s Pershing Square said on Tuesday it proposed to buy Universal Music Group in a cash-and-stock deal worth about 55.75 billion euros ($64.31 billion).

The deal value is based on Reuters calculations.

Pershing Square said its offer estimates Universal Music at about 30.4 euros per share.

Universal Music’s shares last closed at 17.1 euros.

($1 = 0.8674 euros)