A deal for Universal Music, yes, but not through the much ballyhooed SPAC route. Hedge fund titan Bill Ackman, as has been widely reported, has abandoned his plans to take a stake in Universal Music Group via special purpose acquisition company (SPAC). And the stumbling block...
Billionaire investor Bill Ackman said he’s had preliminary discussions with Airbnb and Stripe, among others, about helping them to go public, Bloomberg reported. The process would involve them going through a merger with Ackman’s blank-check company. Airbnb didn’t get anywhere with Ackman before the popular...
Hedge fund billionaire Bill Ackman launched his “special purchase acquisition company” (or SPAC) on the New York Stock Exchange (NYSE) Wednesday (July 22), positioning the vehicle as a better alternative for taking a promising private company public. Ackman raised $4 billion in an initial public...
Amid Wall Street’s gyrations and the search for the next great tech unicorn: Blank checks for blank check companies? On Monday (June 22), CNBC reported that famed investor Bill Ackman is seeking to raise $3 billion for an initial public offering (IPO) of his blank...
September 03, 2020
Billionaire investor Bill Ackman said he’s had preliminary discussions with Airbnb and Stripe, among others, about helping them to go public, Bloomberg reported. The process would involve them going through a merger with Ackman’s blank-check company. Airbnb didn’t get anywhere with Ackman before the popular home vacation rental app ended up seeking a traditional initial […]
November 29, 2017
Fast-casual restaurant chain Chipotle Mexican Grill has announced it is searching for a new chief executive officer. News reports from CNBC said Wednesday the company had formed a committee tasked with finding...
