Ackman Considers Musk’s X for New Investment Vehicle, WSJ Says

Pershing Square received regulatory approval on Friday for a new investment vehicle that targets private companies seeking to raise $1.5 billion or more, and potentially take them public. The product is a new class of special purpose acquisition companies known as SPARC, where investors buy into the company after a purchase target is identified.

X, formerly known as Twitter, would “absolutely” be one of the options he’s considering, Ackman said in an interview published Sunday by the Journal. The investor told the newspaper he doesn’t know whether the technology company would be interested or if the deal would be doable.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

Ackman's SPARC is seeking new deals with private companies(Reuters) - Pershing Square SPARC Holdings Ltd, said that it will pursue business combinations with privately-held companies after receiving regulatory ...
Source: SaltWire Network - 🏆 45. / 63 Read more »

UK Considers Copy of Canada’s Growth Fund to Boost InvestmentThe UK government is considering copying the Canada Growth Fund to help channel investment into green technology and fast-growing businesses in a bid to boost the economy.
Source: BNNBloomberg - 🏆 83. / 50 Read more »