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Bill Ackman will return his SPAC's $4 billion if his next-generation SPARC is approved. He quoted Warren Buffett to explain why.

The billionaire investor wants to focus on his new acquisition vehicle, as a lawsuit threatens to s…

Theron Mohamed   


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1 min read

Bill Ackman's PSTH scraps Universal Music deal after SEC pushback -but the billionaire investor is still buying a stake

Ackman's SPAC is back to square one after regulators questioned the structure of the Universal Musi…

Theron Mohamed   


Theron Mohamed   


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1 min read

Bill Ackman's long-awaited SPAC deal for 10% of Universal Music reportedly faces pushback

Pushback is coming from Artisan Partners, one of Universal Music Group's big shareholders, Bloomber…

Isabelle Lee   


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2 mins read

Billionaire investor Bill Ackman might land his $4 billion Universal Music deal thanks to his song-writing grandfather

The Pershing Square chief told Universal executives about his grandfather's hit song in 1926. They …

Theron Mohamed   


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Theron Mohamed   


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Billionaire investor Bill Ackman's SPAC is close to buying 10% of Universal Music, report says

Ackman's Pershing Square Tontine Holdings (PSTH) is reportedly nearing agreement on a deal valuing …

Theron Mohamed   


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Bill Ackman says he'll return $4 billion to PSTH investors after failing to close a SPAC deal - and trumpets his next-generation SPARC

The Pershing Square chief blamed the market's rapid rebound after the pandemic crash, investors sou…

Theron Mohamed   


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US stocks rise on investor confidence in economic outlook, while Chinese property stocks dent Asian equities

US stock futures rose, but Asian equities fell, as sentiment was still centered around the unfoldin…

Shalini Nagarajan   


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1 min read

Hedge fund manager Bill Ackman's mega-SPAC seals $4 billion deal to buy 10% of Universal Music

The billionaire investor is already working on another multibillion-dollar deal and has drafted pla…

Theron Mohamed   


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S&P 500 notches another record high as recovery optimism overtakes inflation concerns

"Inflation is being pushed higher on supply chain issues and pent-up consumer spending, all of whic…

Isabelle Lee   


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1 min read

Bill Ackman's SPAC falls after confirming talks to acquire 10% of Universal Music in long-awaited deal

Pershing Square Tontine Holdings fell as much as 11.6% Friday after the SPAC confirmed it is in tal…

Emily Graffeo   


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4 mins read

After months of public fighting Vivendi and Mediaset could partner to make European Netflix a reality

Since then, Vivendi Chairman Vincent Bollore has further angered Italy and the Berlusconis by swift…

Julien Rath,Reuters   


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A Tencent-led consortium buys 10% of Universal Music, valuing the world's biggest music firm at $34 billion

Vivendi has enjoyed steady gains from the music corporation. Streaming services have quickly become…

Ben Winck   


Marley Jay   


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1 min read

The Maker Of 'Call Of Duty' Is Going Independent In $8.2 Billion Deal

Vivendi has been looking at ways to extract some value from its shares of Activision for some time,…

Kyle Russell   


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Biden laughs off question about House Republicans' plans to investigate his son Hunter: 'Lots of luck in your senior year'

A segment of House Republicans has talked about probing Hunter Biden for months ahead of what was i…

Brent D. Griffiths   


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Chinese giant Tencent is in talks to buy a $3.4 billion stake in Ariana Grande's music label Universal Music Group

Vivendi, last July said that it was looking to sell up to half of Universal Music Group, but ruled …

Yusuf Khan   


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3 mins read

Here's how A-list stars like Taylor Swift, Justin Bieber, and Rihanna could get caught in the middle of the ongoing US-China conflict

The CFIUS has only become this powerful in recent years, thanks to President Donald Trump. Last yea…

Daniel Strauss   


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3 mins read

Here are the 7 Indians who will be a part of Cannes Lions Jury this year

This year’s Lions juries see the highest ever representation from global brands