Bill Ackman’s SPAC Abandons Its Deal for Universal Music

Regulatory pressure forced his special purpose acquisition company to abandon a proposed investment in Universal Music Group.

#ackman-william-a, #ermenegildo-zegna-holditalia-spa, #facebook-inc, #initial-public-offerings, #mergers-acquisitions-and-divestitures, #universal-music-group, #vaccination-and-immunization, #wework-companies-inc

A Few Tennis Pros Make a Fortune. Most Barely Scrape By.

The superstars of pro tennis get paid staggeringly more than everyone else. Can a new players’ association help level the court?

#ackman-william-a, #djokovic-novak, #federer-roger, #income-inequality, #international-tennis-federation, #labor-and-jobs, #pospisil-vasek, #professional-tennis-players-assn, #tennis

Bill Ackman’s SPAC is close to a deal valuing Universal Music at $40 billion.

It would be the largest special purpose acquisition company transaction to date.

#ackman-william-a, #mergers-acquisitions-and-divestitures, #pop-and-rock-music, #special-purpose-acquisition-companies-spac, #universal-music-group

Mount Sinai Seeks to Expand School Virus Testing Program

The health system, which is preparing to open a new laboratory that could process 100,000 tests a day, wants to take its program to public schools this fall.

#ackman-william-a, #charter-schools, #coronavirus-2019-ncov, #coronavirus-reopenings, #education-k-12, #knowledge-is-power-program, #mount-sinai-medical-center, #new-york-city, #paniz-mondolfi-alberto, #philanthropy, #tests-medical, #your-feed-health, #your-feed-science

The SPAC Boom Has Some Downsides

The blank-check boom shows no signs of slowing, but there are reasons to be wary.

#ackman-william-a, #bitcoin-currency, #corporate-social-responsibility, #lobbying-and-lobbyists, #mergers-acquisitions-and-divestitures, #real-estate-commercial, #united-states-chamber-of-commerce

Why SPACs Could Leave Investors in the Cold

Known as SPACs, these shell companies allow businesses to sell shares to the public with different disclosure than usual. What could go wrong?

#ackman-william-a, #banking-and-financial-institutions, #initial-public-offerings, #mergers-acquisitions-and-divestitures, #spac-special-purpose-acquisition-company, #stocks-and-bonds, #venture-capital

Deal Making in 2020 Was All About the SPAC

This year was all about the SPAC.

#ackman-william-a, #klein-michael, #mergers-acquisitions-and-divestitures, #multiplan-inc, #palihapitiya-chamath, #public-storage, #saturdaynewsletter

Electric Vehicle Makers Find a Back Door to Wall Street

Special purpose acquisition companies, or SPACs, are helping them and other fledgling companies raise money and gain coveted stock listings.

#ackman-william-a, #automobiles, #banking-and-financial-institutions, #electric-and-hybrid-vehicles, #initial-public-offerings, #lordstown-ohio, #lordstown-motors, #mergers-acquisitions-and-divestitures, #start-ups, #stocks-and-bonds, #tesla-motors-inc, #trucks-and-trucking

Who’s Profiting From the Coronavirus Crisis?

Amid an economic catastrophe, a few billionaires are still winning.

#ackman-william-a, #banking-and-financial-institutions, #coronavirus-2019-ncov, #credit-and-debt, #private-equity, #united-states-economy