Bill Ackman's SPAC Pursues an Investment in Universal
Image Image And the award for the biggest, most complicated SPAC deal goes to...Credit...Ian West/Press Association, via Associated Press A SPAC deal like no other Bill Ackman’s jumbo-sized SPAC has finally found its big deal: It is closing in on an agreement to buy a 10 percent stake in Universal Music Group, the home of artists like Taylor Swift, at a $42 billion valuation. If completed, the transaction would be the biggest involving a SPAC to date — and it would certainly be among the most complex. Here’s how it would work — buckle up, because this is complicated:
Source: nytimes.com