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

📆 10/1/2023 8:16 PM
📰 YahooFinanceCA

⏱ Reading Time:
15 sec. here
2 min. at publisher
📊 Quality Score:
News: 9%
Publisher: 63%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

(Bloomberg) -- 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.Most Read from BloombergOnce Unthinkable Bond Yields Now the New Normal For MarketsCongress Averts US Government Shutdown Hours Before DeadlineSenate Voting on Bill to Avert US Government ShutdownMcCarthy to Face Far-Right Attempt to Oust Him as House SpeakerEurope’s Richest Royal Family Builds $300 Billion Finance Empire

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.

Write Comment

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:

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom 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 »

Ackman Considers Musk’s X for New Investment Vehicle, WSJ SaysBillionaire 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.
Source: BNNBloomberg - 🏆 83. / 50 Read more »