Bill Ackman


Bill Ackman creates the first-of-its-kind SPARC—Here's what it means

Billionaire investor Bill Ackman announced Friday plans to buy 10% of Universal Music Group for around $4 billion. The deal would leave $1.5 billion in residual cash in Ackman’s SPAC, which would be rolled into a first-of-its-kind SPARC, or special purpose acquisition rights company, for another acquisition down the road. CNBC's David Faber reports on the details.
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Are SPARCs the new SPACs? Bill Ackman might think so

Bill Ackman's SPAC will acquire a 10% stake in Universal Music Group for approximately $4 billion. Ackman’s firm will also setup a new entity named Pershing Square SPARC Holdings, Ltd. SPARC stands for special purpose acquisition rights company and is different from the typical SPAC. Hedge fund billionaire Bill Ackman...

Bill Ackman sees Universal Music SPAC deal closing later this month

Billionaire investor Bill Ackman said Friday he expects to close his SPAC deal to buy 10% of Universal Music Group for around $4 billion later this month. Ackman's blank-check company Pershing Square Tontine Holdings (PSTH) is likely to finish the transaction by June 22, the investor told CNBC's Scott Wapner. French media company Vivendi, the majority owner of Universal Music controlling 80%, is set to hold its shareholder meeting on that day.
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Bill Ackman graduates from SPACs to SPARCs

Pershing Square Tontine, the SPAC formed last summer by Bill Ackman, confirmed that it's in talks to buy a 10% stake in Universal Music Group from Vivendi at a $40 billion enterprise value. The big picture: At first glance, this isn't what Tontine was formed to do. Or what any...

Who Is Bill Ackman, UMG's New Anchor Investor?

Investor and hedge fund manager Bill Ackman has made and lost billions making bold risk. He famously lost a billion-dollar bet shorting shares of Herbalife, was called an a--hole by now-President Joe Biden following a joke gone awry at a high-end Las Vegas dinner in 2017 and commands a cult-like reverence from some retail investors who call their unflinching belief in his investment strategy "hopium” because of his basic-to-the basics approach to growth investment.

Hedge fund billionaire Bill Ackman eyes Universal Music stake

The French owner of Universal Music is set to sell a 10pc stake to a "blank cheque" company controlled by Bill Ackman, the hedge fund billionaire. Vivendi is in talks to offload a stake worth $4bn (£2.8bn) to Mr Ackman's Pershing Square. The potential deal values Universal, the record label...

Boomer Sentiments Continue: Bill Ackman and Brett Heath Join the Yelling Parade

Boomer Sentiments Continue: Bill Ackman and Brett Heath Join the Yelling Parade. Cryptocurrency critics have further asserted their concerns over the future of Bitcoin and other cryptocurrencies. According to the CEO of Metalla Royalty and Streaming, cryptocurrencies will be responsible for the next financial crisis. Similarly, Bill Ackman posits that...

This Crypto Project Billionaire Investor Bill Ackman Is Excited About Is up 1,100% YTD

The founder of hedge fund management company Pershing Square Capital Management, billionaire investor Bill Ackman, has revealed he is interested in cryptocurrency project Helium (HNT), even though he would not invest in top cryptocurrencies like bitcoin. During an interview with the New York City-based Fifth Avenue Synagogue, Ackman revealed that...

Bill Ackman Has the Perfect Antidote to 2020’s Growth Investing Hoopla

Special-purpose acquisition company (SPAC) investors are feeling the burn lately. The Defiance SPAC ETF (NYSEARCA:SPAK), an exchange-traded fund focused on SPACs, details all the pain. After peaking in February, the SPAK ETF has declined 10% year-to-date, underperforming a 14% gain in the S&P 500 over the same period. Meanwhile, anyone who has turned to The King of SPACs — venture capitalist Chamath Palihapitiya — for perspective hasn’t found much solace either.

Bill Ackman reveals 6% stake in Domino's Pizza, shares jump

Billionaire hedge fund manager Bill Ackman said his Pershing Square built a 6% stake in Domino's Pizza, swapping out its Starbucks bet. Ackman revealed his hedge fund sold Starbucks after the coffee chain's swift rebound from the pandemic, and at the same time, he picked up Domino's shares following a pullback.