Billy Beane’s RedBall SPAC Gets Millennium as An Investor
- ‘Moneyball’ maestro’s company likely to pursue sports deal
- Blank-check acquisition companies are surging in popularity
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Izzy Englander’s Millennium Management is getting in on the SPAC frenzy by snapping up a 7.8% stake in RedBall Acquisition Corp., the blank-check company co-led by baseball executive Billy Beane.
The hedge fund, which runs more than $40 billion, revealed the holding in a 13G filing Wednesday. The New York-based firm declined to comment.