Bill Ackman says his stake in Universal Music has languished — and now he’s come up with a $64 billion offer

Billionaire investor Bill Ackman's Pershing Square has significantly increased its bet on Universal Music Group (UMG), offering to buy an additional 10% stake for $3.1 billion, valuing the company at $64 billion. This move signals Ackman's continued conviction in UMG's growth prospects despite a prior direct investment failing. Investors will watch how this large-scale tender offer impacts UMG's stock performance and whether other institutional investors follow Ackman's lead in recognizing the company's perceived undervaluation.