Airbnb spurns approach from Ackman's blank-check company

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 66%

Business News News

Business Business Latest News,Business Business Headlines

Billionaire investor William Ackman has approached short-term home rental company Airbnb Inc about going public through a reverse merger with his ...

REUTERS: Billionaire investor William Ackman has approached short-term home rental company Airbnb Inc about going public through a reverse merger with his blank-check company, according to people familiar with the matter.

The approach by Ackman's Pershing Square Tontine Holdings Ltd underscores the scale and ambition of the types of deals Ackman is pursuing with the new vehicle, which raised US$4 billion through an IPO on the New York Stock Exchange earlier this year to buy a private company.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSİNESS

Business Business Latest News, Business Business Headlines