The board of Universal Music Group has rejected an unsolicited $64 billion takeover offer from Bill Ackman’s Pershing Square Capital, the company announced on Friday. The move comes a day after key shareholder Vincent Bollore urged UMG to reject the offer. The “Board of Directors has unanimously determined that the unsolicited and non-binding proposal it […]

Universal Music Greater China has signed Jason Zhang, one of the most commercially successful artists in Chinese-language pop, in a wide-ranging deal spanning recorded music, artist management, live performance and international strategy, structured in partnership with Zhang’s personal label, Planet Culture. In a separate announcement, Universal Music Group also revealed a strategic investment in Solution […]