• Bill Ackman's SPAC deal implosion stunned investors and infuriated his Reddit fans. Lawyers say they saw it all coming

    1 month ago - By Business Insider

    Summary List Placement On June 9, Bill Ackman tweeted a vulgar Reddit video to 300,000-plus followers.
    It starred a sock puppet explaining why the billionaire hedge-fund manager's blank-check company was "the mack f--ing daddy of investments right now."
    The answer was pretty simple: "Bill Ackman can do f--ing magic."
    Less than two months later, the magic ran out.
    On Monday, Ackman told shareholders in a letter that the board of his special-purpose acquisition company, Pershing Square Tontine Holdings Ltd., had axed a highly complex, three-part deal that Ackman had proposed last month. In...
    Read more ...

     

  • Singapore's PropertyGuru To List Via $1.8 Billion Deal With SPAC Backed By Billionaires Richard Li, Peter Thiel

    Singapore's PropertyGuru To List Via $1.8 Billion Deal With SPAC Backed By Billionaires Richard Li, Peter Thiel

    1 month ago - By Forbes

    PropertyGuru agreed to merge with Nasdaq-listed Bridgetown 2 Holdings-a blank-check company controlled by billionaires Richard Li and Peter Thiel-as the Singapore-based online real estate marketplace seeks to tap booming property demand across Southeast Asia.
    Read more ...