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

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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.

 

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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.
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