Deals
Ackman Considers Musk’s X for New Investment Vehicle, WSJ Says
- Investor ‘absolutely’ interested in deal with former Twitter
- Also eyes private equity-owned companies, firms seeking to IPO
Bill Ackman
Photographer: Christopher Goodney/BloombergThis article is for subscribers only.
Billionaire Bill Ackman would be interested in pursuing a deal with Elon Musk-owned X Corp. as part of a new investment vehicle, the Wall Street Journal reported.
Pershing Square received regulatory approval on Friday for a new investment vehicle that targets private companies seeking to raise $1.5 billion or more, and potentially take them public. The product is a new class of special purpose acquisition companies known as SPARC, where investors buy into the company after a purchase target is identified.