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Intellectual Property Securities Bankruptcy Competition Pulse Artificial Intelligence Law360 UK || See all sections ||
 

Universal Music Rejects $65B Pershing Square Proposal

Universal Music Group (UMG) logo is seen on a smartphone

By Al Barbarino

Universal Music Group said Friday it has rejected an unsolicited takeover proposal from Pershing Square Capital Management, saying the offer worth roughly $65 billion fundamentally undervalues the music company.


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Top Stories
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  • The company name New Fortress Energy appears in blue font on a white sign affixed to a fence
    New Fortress Energy Units Seek Ch. 15 For $8.1B Debt Swap

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  • 'Pervasive Bad Faith': Uber Targets Sex Assault MDL Plaintiff

    By Bonnie Eslinger

    Uber Technologies Inc. accused a bellwether plaintiff of numerous discovery violations Friday in multidistrict litigation over alleged passenger sexual assaults, urging a California federal judge to issue sanctions for "pervasive bad faith" that has "plagued the discovery process."

  • X Corp. Calls Apple, OpenAI Deposition Bid 'Opportunism'

    By Spencer Brewer

    X Corp. on Friday called an attempt by Apple Inc. and OpenAI to conduct more than 10 depositions "simply opportunism at its most brazen," saying that the court should deny the defendants' bid to get more discovery in X's sweeping antitrust suit.

  • Wrongful Death Claims Settled Before Baltimore Bridge Trial

    By Linda Chiem

    The families of the six construction workers who died in Baltimore's Francis Scott Key Bridge disaster have reached confidential settlements with the owner and manager of the cargo carrier that slammed into the bridge and triggered its collapse, according to court filings Friday.

  • $7.25B Roundup Deal Sent To Calif. MDL

    By Emily Field

    The Judicial Panel on Multidistrict Litigation on Thursday sent the case that resulted in a yet-to-be-finalized $7.25 billion settlement with Monsanto over claims that its weedkiller Roundup causes cancer to multidistrict litigation in California federal court, despite protests from the proposed class.

  • 7th Circ. Revives Chinese IP Defendants' Email Service Case

    By Celeste Bott

    The Seventh Circuit concluded on Friday that using email to serve Chinese defendants in "Schedule A" trademark cases is improper under the rules of the Hague Service Convention, but that an Illinois federal judge handling one such counterfeiting action must first determine whether the convention applies at all to the given case.

  • Facing Scrutiny, 'Schedule A' Suits Grow Beyond Chicago

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    Federal lawsuits that target dozens or even hundreds of online sellers at once kept climbing in 2025 and spread beyond their Chicago stronghold, even as new data shows more friction for brand owners' mass anti-counterfeiting strategy.

  • NY Judge Doubts Nussbaum-Linked Firms Belong In Ch. 11

    By Emily Lever

    A New York bankruptcy judge on Friday questioned whether his court was the proper venue to wind down two commercial real estate law firms headed by Mark J. Nussbaum as the debtors sought to ditch an assignment for the benefit of creditors process in New York state court.

  • DC Circ. Revives $21M Claim Against Guinea

    By Caroline Simson

    The D.C. Circuit Friday ordered a lower court to reconsider a Seychellois telecommunications company's bid to enforce an arbitral award of more than $21 million against the Republic of Guinea, ruling that its sovereign immunity analysis was "too narrow."

  • Full 4th Circ. To Rethink W.Va., Md. 340B Drug Discount Laws

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    The full Fourth Circuit will revisit two panel decisions that created a circuit split when they temporarily blocked a pair of state laws that barred drugmakers from prohibiting federally funded hospitals from contracting with an unlimited number of pharmacies to dispense discounted drugs in the 340B Drug Pricing Program. 

  • Calif. Supreme Court OKs Challenges To Blanket Judge DQs

    By Emily Sawicki

    The California Supreme Court has opened the door to challenges to blanket judicial disqualifications across the largest state court system in the country, partially overturning a precedent established nearly 50 years ago.

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    A Massachusetts federal judge on Friday searched for the limits of the president's power to restrict foreign workers from entering the U.S., as the government defended attaching a $100,000 fee to process certain skilled-worker visas.

  • Anthropic's Valuation Soars To $965B, Surpassing OpenAI

    By Jade Martinez-Pogue

    Artificial intelligence giant Anthropic has hit a post-money valuation of $965 billion after securing $65 billion of investor commitments in its massive Series H funding round, officially surpassing the valuation of its rival OpenAI.

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Expert Analysis

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    A recent order from the Federal Energy Regulatory Commission stands to reform how grid operator PJM Interconnection assigns transmis... (read more)
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    6th Circ. Ruling Highlights Split On Labor Cost Depreciation
    The Sixth Circuit's recent decision in Schoening Investment v. Cincinnati Casualty throws into relief the fine lines of courts' vary... (read more)
  • Marc Blubaugh
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    After the U.S. Supreme Court's decision in Montgomery v. Caribe Transport II that freight brokers may be liable for selecting unsafe... (read more)
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    The regulatory and political dynamics that recently led Maine’s governor to veto a popular bipartisan bill proposing a temporary dat... (read more)
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