News Formal

Bill Ackman says he hasn't talked to Elon Musk about X investment for Pershing ‘SPARC'

  • 📰 NBCPhiladelphia
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

The billionaire investor said he liked Twitter and Musk himself and welcomed a deal, but said there had been no proper communication with Musk about it.

Billionaire investor Bill Ackman said that while he likes both Twitter and Elon Musk, Pershing Square's SPAC-like structure had not yet had a formal conversation with the Tesla founder about a deal.

Musk borrowed some $13 billion to help close his acquisition of Twitter, but the asset is likely worth far less than the $44 billion he paid for it. "I have a lot of respect for Musk, I think Twitter is a really important platform, I think he's made tremendous improvements to the platform, and I think it's a very-difficult-to-disrupt kind of asset," Ackman told CNBC's Andrew Ross Sorkin in an interview.

 

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:

 /  🏆 569. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bill Ackman would 'absolutely' consider deal with Elon Musk's X through his new SPARC investment vehicle: reportHedge-fun manager Bill Ackman would be open to a deal with Elon Musk's X as part of this company's new investment vehicle, according to the Wall Street Journal.
Source: MarketWatch - 🏆 3. / 97 Read more »