Ackman 64 Billion Dollar Universal Bid Relies on Bollore
Bill Ackman seeks support from Vincent Bollore for a 64 billion dollar Universal Music Group bid. Analysts suggest the proposal may undervalue the firm.
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Bill Ackman’s ambitious $64 billion pursuit of UNIVERSAL MUSIC GROUP NV hinges on the approval of a single powerful figure: French billionaire Vincent Bollore. The United States-based hedge fund manager acknowledged that his first move before launching the bid was reaching out to the 74-year-old power broker.
