The Board of Directors of Euronext Amsterdam-listed music company Universal Music Group has unanimously rejected the unsolicited and non-binding proposal from Pershing Square Capital Management to acquire the company in a $64 billion transaction. Pershing Square, the investment vehicle of billionaire Bill Ackman, made the proposal in April. in a deal combining cash and shares, as part of “a value creation plan designed to deliver significant benefits to UMG stakeholders.” Pershing Square said c...

Julie Swidler, Sony Music's Executive Vice President, Business Affairs and General Counsel, will leave at the end of June the company she has worked for since 2008. She will launch an advisory services company for creative-focused ventures. Ay Sony Music, she has overseen Business, Legal, and Governmental Affairs globally, advising Sony Music’s record labels and operating units on strategic negotiations, talent agreements, litigation, transactions, and joint venture operations. "Swidler has help...

Elton John has been named as the first President of The Ivors Academy, in a newly established ambassadorial role that will see Elton John "represent The Ivors Academy's global community of songwriters and composers, championing the value of music creation and advocating for the rights and recognition of music creators worldwide." The position is reserved for individuals "who have reached the pinnacle of their songwriting or composing profession and are committed to giving back by supporting the ...