Bolloré tells Ackman: $64B still isn’t enough for UMG

Universal Music’s takeover drama just hit the rich-person version of “try again.” Bill Ackman wants UMG for about $64 billion, but Bolloré boss Cyrille Bolloré is urging the board to say no, arguing the price is too low and the deal leans too much on UMG’s own money. In normal life, that’s like buying dinner with your date’s wallet and calling it romance.