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

📆 2/10/2023 4:12 am
📰 BNNBloomberg

⏱ Reading Time:
15 sec. here
2 min. at publisher
📊 Quality Score:
News: 9%
Publisher: 50%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Billionaire Bill Ackman would be interested in pursuing a deal with Elon Musk-owned X Corp. as part of a new investment vehicle, the Wall Street Journal reported.

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.

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:

Write Comment

Singapore Singapore Latest News, Singapore Singapore 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 »