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2 mins read
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  Â
2 mins read
Bill Ackman's SPAC has just 6 weeks to find a target — or he'll have to return $4 billion to investors
"Bill and Pershing face an uphill battle — selling SPACs to investors is now virtually impossible,"…
George Glover  Â
2 mins read
Billionaire investor Bill Ackman's SPAC is reportedly being sued for not operating as a blank-check firm
"Investing in securities is all the company has ever done since its IPO," the complaint said, notin…
Isabelle Lee  Â
2 mins read
Billionaire investor Bill Ackman says he would be 'absolutely' interested in a deal with Elon Musk's X
However, Ackman — who is worth $3.6 billion as of Sunday — told the WSJ he doesn't know if X is int…
Huileng Tan  Â
2 mins read
Nearly 50 law firms have banded together to voice their defense of SPACs as lawsuits mount against blank-check firms
A group of law firms "view the assertion that SPACs are investment companies as without factual or …
Carla MozĂ©e  Â
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  Â
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  Â
4 mins read
The Bill Ackman SPAC debacle is the perfect example of what happens when a market bubble meets a star investor's hubris
Even the best investors can fall prey to a stock market fad. For example, no further than hedge fun…
Erik Gordon  Â
2 mins read
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  Â
1 min read
Billionaire investor Seth Klarman has nearly $900 million in SPACs - but trimmed his stake in Bill Ackman's blank-check company during the 2nd quarter
Recent filings reveal Seth Klarman's Baupost Group slashed its stake in Pershing Square Tontine Hol…
Emily Graffeo  Â
2 mins read
Investors are worried Bill Ackman's SPAC is struggling to find an acquisition target
"If we cannot get this transaction done, we will move on to target number two," Ackman said on an i…
Natasha Dailey  Â
1 min read
SPAC engineering reaches new heights as scrapped deal sends pharma firm's stock plunging 36%
Drugmaker Roviant Sciences had been plotting a novel take on the popular SPAC deal, according to a …
Ethan Wu  Â
3 mins read
Billionaire investor Bill Ackman laments his nixed SPAC deal, sounds the inflation alarm, and predicts a massive economic boom in a new interview. Here are the 12 best quotes
The Pershing Square chief also forecasted higher interest rates and seemed optimistic that he could…
Theron Mohamed  Â
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  Â
2 mins read
Billionaire investor Bill Ackman is eyeing a second SPAC deal even though he will miss his own Q1 timeline to find a first target
Ackman hoped his blank-check firm would find an acquisition target by the end of the first quarter,…
Shalini Nagarajan  Â
2 mins read
The lawyers that sued Bill Ackman's SPAC are reportedly targeting 50 more as the merger boom deflates
The lawsuit against Ackman's Pershing Square Tontine Holdings has led Ackman to pursue alternative …
Matthew Fox  Â
2 mins read
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  Â
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  Â
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  Â
2 mins read
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 …