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News & Current Events Apr 7, 2026 at 12:51 PM

Universal Music targeted in takeover bid by hedge fund Pershing Square

Posted by MeAb61


Universal Music targeted in takeover bid by hedge fund Pershing Square
www.cbsnews.com
Universal Music targeted in takeover bid by hedge fund Pershing Square
American hedge fund Pershing Square announced it's offered to buy Universal Music Group in a merger, saying it believed the world's biggest music label was undervalued by stock markets.

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Loki-L 3 days ago +46
You know, all my life I have been told that everything I did was killing the music industry, from recording cassette tapes to sharing MP3 files to Bittorrent to whatever they complained about next. Now I get to actually finally see someone destroying the industry for real and I can't even root for them, because they are even more evil. It is just not fair.
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Soju-Boss 3 days ago +7
Go to more gigs. Buy more merch directly from the artists.
7
Radiant_Ad3966 3 days ago +5
The day I can show up to a venue (or elsewhere), walk up to the merch table, buy something, and then leave without seeing the concert will be a great day. I honestly can't figure out why bands aren't hustling out of the trunk these days to gain more cut for their merch offerings. Set up somewhere away from the venue, sell some shirts/music, and keep that gas money for themselves. Concerts themselves are the treat these days. Who can afford to get an overpriced ticket, pay for gas and parking, buy food and/or drinks (if you're into tgat), and still afford to get some physical reminder of the night? 60$ ticket (after all fees) along with a 45$ shirt is just outrageous. The problem isn't usually the bands themselves but all the palms they have to grease along the way. It's a robbery from the top-down. Yeah, I know...support the local and small-time artists. We've all heard it but bot everyone is going to do that or care about small bands. It's unfortunate but true.
5
MilkFew2273 1 day ago +1
Fugazi did it like that but it takes balls. And most kids are young and dumb, by the time they wise up, they're in too deep. Every generation rediscovers the same problems and every time choices are made and the cycle repeats.
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cavegrind 3 days ago +19
They’re going to immediately feed it to AI and aggressively push non-human music until the company folds and they sell the catalog off for scraps.
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Prior_Industry 3 days ago +3
Interesting. This was the company Ackman attempted to bring to market via SPAC and he totally cocked it up.
3
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