Bill Ackman, CEO of Pershing Square Capital Management, speaks at the Delivering Alpha conference in NYC on September 28, 2023.
Adam Jeffery | CNBC
Billionaire investor Bill Ackman would “absolutely” use his newly approved investment vehicle to strike a deal with X, the social platform formerly known as Twitter, Ackman told the Wall Street Journal in a story published Sunday.
On Friday, Ackman announced that the Securities and Exchange Commission had approved his new financing vehicle, which he calls SPARC – a special purpose acquisition vehicle. With a SPARC, investors know which company the financing vehicle would merge with before they have to pledge their investments.
“If your large private growth company wants to go public without the risks and costs of a typical IPO with Pershing Square as your anchor shareholder, please give me a call,” Ackman said in a post on X, formerly known as Twitter. “We promise a quick yes or no.”
Ackman told the Journal that he would “definitely” consider investing in X, the social media platform formerly known as Twitter, with his newly formed SPARC.
A spokesman for Pershing Square Capital Management, Ackman’s investment firm, told CNBC the company had nothing further to add beyond what was in the Journal story.
Investors interested in SPARC are advised to visit Bill Ackman’s account for further information
Ackman posts regularly on a wide variety of topics
While Ackman is a regular user of
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Read the full story here on the Wall Street Journal website.