Ackman’s Universal Music bid hits pause

Bill Ackman’s $64 billion Universal Music bid just hit the richest possible pause button. Cyrille Bolloré says UMG should reject it, arguing the price is too low and the deal leans too much on UMG’s own wallet. It’s corporate karaoke: Ackman picked the song, but Bolloré is standing by the machine with the veto remote.