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Universal Music Group Nears Completion of €500 Million Buyback

Universal Music Group spent €71.89 million last week to acquire 3.95 million shares, marking a significant push toward exhausting its half-billion-euro buyback mandate. The Hilversum-based company has now deployed approximately 80% of its authorized capital to consolidate its market position since the program launched in late March.

Universal Music Group Nears Completion of €500 Million Buyback
Photo: Bio & News

Between June 15 and June 19, the music giant paid an average price of €18.19 per share. This latest tranche brings the cumulative total to 21.28 million shares repurchased since the initiative began on March 30, 2026. With total spending reaching €399.74 million, the company is rapidly approaching the €500 million ceiling set by its board of directors earlier this year.

The current buyback reflects the company’s strategy to manage its capital structure while maintaining its status as the world leader in music-based entertainment. Following European market regulations, UMG continues to provide weekly aggregated disclosures to investors regarding the program's progress. These operations remain a central component of the firm's broader efforts to capitalize on its extensive catalog of recordings and publishing rights.

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