Benzinga··Namrata SenAckman's $64B UMG Takeover Bid Crumbles as Major Shareholder Blocks Deal
Bill Ackman's unsolicited $64 billion Universal Music Group takeover faces fatal opposition from key shareholder Cyrille Bolloré, who controls sufficient voting power to block the acquisition.
UNVGYVIVHYPStakeover bidshareholder opposition