India, April 7 -- Universal Music Group N.V. (UMG.AS, UNVGY,UMGNF), the Dutch-American music-based entertainment company, confirmed that it has received an unsolicited and non-binding proposal from Pershing Square Capital Management, L.P.
The company stated that it will review the proposal in line with its fiduciary duties and carefully assess its implications for shareholders, employees, artists, songwriters, and other stakeholders.
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