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US investor Warren Buffett has branded the Spac boom a killer as he criticised greedy City advisers.  The 90-year-old became the latest to slam Spacs – or Special Purpose Acquisition Companies – at the weekend shareholder meeting of his company Berkshire Hathaway.  Spacs, also known as blank cheque companies , are empty firms which list on the stock market, raising millions from investors with the purpose of buying an existing company.  Raising concerns: Warren Buffett became the latest to slam Special Purpose Acquisition Companies Usually led by a prominent investor, they have become increasingly popular in the aftermath of the pandemic.  It s a killer, said Buffett, explaining that the amount of money being funnelled into Spacs meant they now had the edge over companies like his when deal-making. 

Warren buffettCharlie mungerBerkshire hathawayPurpose acquisition companiesSpecial purpose acquisition companiesSpecial purpose acquisitionMo neyவாரன் பஃபெட்சார்லி முங்கர்பெர்க்ஷயர் ஹாத்வேநோக்கம் கையகப்படுத்தல் நிறுவனங்கள்சிறப்பு நோக்கம் கையகப்படுத்தல் நிறுவனங்கள்சிறப்பு நோக்கம் கையகப்படுத்தல்