Lucian Grainge

Bolloré Rejects Ackman's $64 Billion Universal Music Bid, Calling It Undervalued and 'Not Beneficial'

Cyrille Bolloré, the largest shareholder of Universal Music Group, has publicly urged the company's management to reject a $64 billion takeover proposal from billionaire activist investor Bill Ackman, arguing the offer significantly undervalues the music giant.