Markets

Billionaire investor Bill Ackman offers new hints on possible targets for his record-breaking SPAC

Pershing Square Tontine is looking at employee-owned and family-controlled businesses as potential targets for a merger, Bill Ackman said in an interview with investor Whitney Tilson. The billionaire investor previously indicated his special-purpose acquisition company, or SPAC, was eyeing “mature unicorns” and “high-quality, venture-backed businesses” as takeover targets. Ackman added […]
Billionaire investor Bill Ackman offers new hints on possible targets for his record-breaking SPAC
Markets

Bill Ackman says Airbnb’s first choice is to choose the IPO route after the home-rental platform declined a $5 billion cash injection from his ‘blank-check’ company

Hedge-fund billionaire and activist investor Bill Ackman told Bloomberg TV Airbnb’s first choice is to go ahead with an initial-public-offering, but hasn’t entirely ruled out a ‘blank-check’ company deal. Ackman explained that merging with his record-size acquisition vehicle would offer Airbnb the certainty of $US5 billion in cash and the […]
Bill Ackman says Airbnb’s first choice is to choose the IPO route after the home-rental platform declined a $5 billion cash injection from his ‘blank-check’ company
Markets

Billionaire Bill Ackman urges Trump to issue a 30-day ‘spring break’ shutdown to quell coronavirus’s economic impact

A 30-day “extended Spring Break” shutdown is “the only answer” for saving the economy from a significant coronavirus-driven slowdown, hedge fund founder Bill Ackman tweetedWednesday. The government should keep only essential services open and pay wages during the period, he added. The “exponential compounding” of virus cases stands to threaten […]
Billionaire Bill Ackman urges Trump to issue a 30-day ‘spring break’ shutdown to quell coronavirus’s economic impact