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Sparc

All articles tagged with #sparc

business2 years ago

Bill Ackman Open to Investing in Elon Musk's X for New SPARC Funding Vehicle

Billionaire investor Bill Ackman is considering pursuing a deal with Elon Musk's X Corp as part of his new investment vehicle, Pershing Square SPARC Holdings. The new vehicle targets private companies seeking to raise $1.5 billion or more and potentially take them public. X, formerly known as Twitter, is one of the options Ackman is considering, although it is unclear if the technology company would be interested or if the deal would be feasible. X is currently burdened with a significant debt load of $12.5 billion.

via Fortune|
#bill-ackman#business#elon-musk
business2 years ago

Ackman's SPARC Eyes Musk's X and Twitter for New Investment Opportunities

Billionaire investor Bill Ackman is considering a potential deal with Elon Musk's X Corp as part of a new investment vehicle. Ackman's Pershing Square recently received regulatory approval for a special purpose acquisition company (SPARC) that targets private companies looking to raise $1.5 billion or more and potentially take them public. This move highlights Ackman's interest in partnering with X Corp for future investment opportunities.

via Bloomberg|
#bill-ackman#business#elon-musk
business2 years ago

Bill Ackman's SPARC Funding Vehicle Open to Deals with X, Says Report

Billionaire investor Bill Ackman has expressed interest in doing a deal with X, the social platform formerly known as Twitter, using his newly approved investment vehicle called SPARC (special purpose acquisition rights company). Ackman stated that he would "absolutely" consider using SPARC to invest in X. However, experts believe that the likelihood of X pursuing the deal is low due to the financial and governance regulatory transparency and accountability that comes with being a public company.

via CNBC|
#bill-ackman#business#investment
business2 years ago

Bill Ackman's SPARC Secures SEC Approval and Seeks Private Company Deals

Pershing Square SPARC Holdings Ltd, an affiliate of billionaire investor Bill Ackman's Pershing Square Tontine Holdings Ltd, has received regulatory approval to pursue business combinations with privately-held companies. The SPARC is targeting companies that aim to raise a minimum of $1.5 billion in capital. Ackman mentioned in an interview that he would consider a transaction with Elon Musk's X (formerly known as Twitter), but it is uncertain if X is interested or if a deal is feasible. The SPAC market has cooled since its peak in 2021, and Ackman's SPARC is seeking new opportunities in this space.

via Reuters|
#bill-ackman#business#business-combinations