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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
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
Billionaire investor Bill Ackman trumpeted his Universal Music deal, nodded to his Reddit fans, and invited company sellers to call him in a presentation this week. Here are the 8 best quotes.
The Pershing Square chief compared Universal CEO Lucian Grainge to Steve Jobs and Walt Disney in te…
Theron Mohamed
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
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
Billionaire investor Bill Ackman plans to spend up to $14 billion on deals - and confirms his mega SPAC is close to buying 10% of Universal Music for $4 billion
Ackman's PSTH could have almost $3 billion to pursue another transaction, and he's planning to arm …
Theron Mohamed
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
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
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
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
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
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
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
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
A manager of the No. 1 stock fund over the past 20 years attributes his success to a contrarian approach. He shares his most surprising calls, including why he prefers Samsung to Apple.
How well has that method worked? The AMG Yacktman Focused fund has returned 11.7% a year for 20 yea…
Marley Jay
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
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
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
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
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