#universal-music-group

#universal-music-group

Vincent Bolloré has formally rejected Bill Ackman’s $64bn offer for Universal Music Group, according to a Reuters report on Wednesday, ending Pershing Square's seven-week campaign to take the world's largest recorded-music company private. The rejection, conveyed through Bolloré's holding structure rather than UMG's own board, was the outcome that almost every credible analyst had forecast since the offer landed in April.

Ackman noted that Universal's share price has 'languished' and expressed optimism that the buyout could unlock value and improve performance.

The untitled music docuserieswill give fans an unprecedented, behind-the-scenes look into Universal Music Group's vaults, which form the world's largest music archives... With Armisen as their dynamic and knowledgeable host, viewers will explore pivotal moments in pop culture, and the stories of the iconic artists and songwriters who changed the course of history. UMG's archives include a massive, highly secure vault within the Iron Mountain facility in Boyers, Pennsylvania, located 220 feet underground in a former limestone mine.

Nearly 50 years since her last divorce, Cher is reportedly getting ready to give marriage another try, with multiple tabloids picking up on a report that says that the 79-year-old entertainment icon is set to tie the knot with her 39-year-old boyfriend, Oakland-born music producer Alexander AE Edwards. Cher doesn't give a hoot about their (40-year) age difference and they're both ready to commit to each other, an insider told the Mirror, according to Page Six and the Daily Mail.

The collaboration to establish the Berry Gordy Music Industry Scholarship honors the legacy of Berry Gordy, founder of Motown and an influential architect of modern music.