{"id":67627,"date":"2023-10-01T20:02:16","date_gmt":"2023-10-02T00:02:16","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/bill-ackman-would-absolutely-consider-deal-with-elon-musks-x-through-his-new-sparc-investment-vehicle-report\/"},"modified":"2023-10-01T20:02:18","modified_gmt":"2023-10-02T00:02:18","slug":"bill-ackman-would-absolutely-consider-deal-with-elon-musks-x-through-his-new-sparc-investment-vehicle-report","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=67627","title":{"rendered":"Bill Ackman would \u2018absolutely\u2019 consider deal with Elon Musk\u2019s X through his new SPARC investment vehicle: report"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0002566572\" role=\"document\">\n<p>Billionaire hedge-fund manager Bill Ackman would be open to a deal with Elon Musk\u2019s X as part of this company\u2019s new investment vehicle, according to the Wall Street Journal.<\/p>\n<p>The Journal reported Sunday that Ackman would \u201cabsolutely\u201d be interested in pursuing a deal with X. His firm, Pershing Square, on Friday received regulatory approval for a new type of special purpose acquisition company, called Pershing Square SPARC Holdings, which would invest in a private company with the intention of taking it public, including companies owned by private equity and \u201cmature unicorns,\u201d according to an SEC filing.<\/p>\n<div class=\"paywall\">\n<p><strong>Also see:<\/strong> Bill Ackman says Treasury yields are going higher in a hurry, and that investors should shun U.S. government debt<\/p>\n<p>While a SPAC raises money from investors and then seeks a company to acquire, the SPARC raises money after a target has already been identified.<\/p>\n<p>However, Ackman told the Journal that he had no idea whether X would be interested, or if a deal would be feasible. He told the Journal he has \u201cenormous respect\u201d for Musk and with what he\u2019s doing with X.<\/p>\n<p>Musk bought X, formerly Twitter, nearly a year ago for $44 billion and took it private. Musk has said he could take the company public again in the future, but over the past year X has lost much of its ad revenue, according to Musk, and taken on significant debt.<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/bill-ackman-would-absolutely-consider-deal-with-elon-musks-x-through-his-new-sparc-investment-vehicle-report-3d3f6337?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Billionaire hedge-fund manager Bill Ackman would be open to a deal with Elon Musk\u2019s X as part of this company\u2019s new investment vehicle, according to the Wall Street Journal. The Journal reported Sunday that Ackman would \u201cabsolutely\u201d be interested in pursuing a deal with X. His firm, Pershing Square, on Friday received regulatory approval for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":67628,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-67627","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bill Ackman would \u2018absolutely\u2019 consider deal with Elon Musk\u2019s X through his new SPARC investment vehicle: report | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Billionaire hedge-fund manager Bill Ackman would be open to a deal with Elon Musk\u2019s X as part of this company\u2019s new investment vehicle, according to the\" \/>\n<meta name=\"robots\" content=\"index, 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