![](https://abc17news.b-cdn.net/abc17news.com/2021/06/hypatia-h_ea40a240da5ffb20b9c77e00ca28768b-h_208d0d04f6ba6f5b31a3e9fb6f211c15_preview-375x225.jpg)
Bill Ackman’s SPAC buys 10% of the music giant behind Kanye West
Vivendi has agreed to sell 10% of Universal Music to a so-called blank check company backed by hedge fund billionaire Bill Ackman for about $4 billion. The deal was confirmed by Vivendi and Pershing Square Tontine Holdings, Ackman’s special purpose acquisition company (SPAC), in statements on Sunday. SPACs typically raise money from investors before going
Continue Reading