Markets

A billionaire investor dubbed ‘the next Warren Buffett’ just revealed a $400 million bet on Bill Ackman’s SPAC

Seth Klarman’s Baupost Group is betting that billionaire investor Bill Ackman and “Moneyball” star Billy Beane can make shrewd acquisitions in the coming months. The billionaire’s hedge fund disclosed in a regulatory filing that it held a $US400 million stake in Ackman’s special-purpose acquisition vehicle or “SPAC,” Pershing Square Tontine, […]
A billionaire investor dubbed ‘the next Warren Buffett’ just revealed a $400 million bet on Bill Ackman’s SPAC
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

Shark Tank investor Kevin O’Leary breaks down his strategy for picking SPACs — and explains why he’d bet on Bill Ackman and 3 other leaders

Shark Tank investor Kevin O’Leary appeared on CNBC’s Tuesday Halftime Report and said he is “very selective” in his choice of SPAC leaders. “There’s a lot of really bad product out there versus good product,” the investor said. He recommended examining a SPAC leader’s track record before buying in. He […]
Shark Tank investor Kevin O’Leary breaks down his strategy for picking SPACs — and explains why he’d bet on Bill Ackman and 3 other leaders
Markets

Airbnb declines takeover by billionaire investor Bill Ackman’s ‘blank-check’ company, report says

Summary List Placement Airbnb declined a merger with Bill Ackman’s record-size acquisition company after early-stage talks, Bloomberg reported on Wednesday. The home-rental giant reportedly told Ackman it prefers entering public markets through a traditional IPO. Still, Airbnb hasn’t completely ruled out a deal despite confidentially filing for an IPO in […]
Airbnb declines takeover by billionaire investor Bill Ackman’s ‘blank-check’ company, report says
Markets

Billionaire Bill Ackman’s blank-check company pops 9% in its trading debut

Bill Ackman’s blank-check company, Pershing Square Tontine Holdings, started trading Wednesday on the New York Stock Exchange under the ticker “PSTH.” The company popped as much as 9% in its trading debut. “What’s new in our structure is it’s the first SPAC where we’re taking no compensation,” Ackman told CNBC […]
Billionaire Bill Ackman’s blank-check company pops 9% in its trading debut