2026年4月7日 美国东部时间7:10 / 哥伦比亚广播公司/法新社
由维权投资者比尔·阿克曼掌舵的美国对冲基金潘兴广场于周二宣布，已提议通过合并方式收购环球音乐集团，并表示其认为这家全球最大唱片公司遭到了股市的低估。
潘兴广场表示，其向环球音乐股东提出的要约包括94亿欧元（合109亿美元）现金，以及每持有一股环球音乐股份可换取新实体的0.77股股份。在与潘兴广场SPARC控股公司（一家特殊目的收购公司）完成合并后，新实体将在纽约证券交易所上市。而环球音乐目前在阿姆斯特丹证券交易所交易。
据路透社报道，潘兴广场的现金加股票要约对环球音乐的估值约为每股30.40欧元（合35美元），较其此前17.10欧元的收盘价溢价78%，这笔交易总价值达557.5亿欧元（合643.1亿美元）。
合并后的公司将坐拥泰勒·斯威夫特、盆栽哥、嘎嘎小姐、比莉·艾利什和德雷克等一众顶级艺人。
潘兴广场希望能在2026年底前完成这笔交易。
阿克曼在一份声明中表示：“由于一系列与其音乐业务表现无关的因素，环球音乐的股价一直萎靡不振。”
该公司指出，拖累股价表现的因素包括法国企业集团布依格对其持有的18%环球音乐股份的计划存在不确定性、美国上市进程延误，以及“环球音乐资产负债表未得到充分利用”等问题。
Universal Music targeted in takeover bid by hedge fund Pershing Square
April 7, 2026 7:10 AM EDT / CBS/AFP
American hedge fund Pershing Square, led by the activist investor Bill Ackman, announced Tuesday that it had offered to buy Universal Music Group in a merger, saying it believed the world’s biggest music label was undervalued by stock markets.
Pershing Square said its offer to Universal shareholders included 9.4 billion euros ($10.9 billion) in cash plus 0.77 shares in the new entity for each UMG share. After a merger with Pershing Square SPARC Holdings, an acquisition company, the new entity would be listed on the New York Stock Exchange. Universal currently trades on the Amsterdam Stock Exchange.
The Reuters news agency says Pershing Square’s cash-and-shares offer values Universal Music at around 30.40 euros ($35) per share, 78% over its last closing price of 17.10 euros and making the deal worth 55.75 billion euros ($64.31 billion).
The merged company would boast a stable of top artists including Taylor Swift, The Weeknd, Lady Gaga, Billie Eilish and Drake.
Pershing Square hopes to close the deal by the end of 2026.
“UMG’s stock price has languished due to a combination of issues that are unrelated to the performance of its music business,” Ackman said in a statement.
The company pointed to uncertainty about French conglomerate Bollore’s plans for its 18 percent stake in Universal, delay in listing on the U.S. stock market, and “underutilization of UMG’s balance sheet” among concerns that have held back the shares’ performance.
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