Anyone know what is a SPARC? W

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Long2themoon
2021-06-21

Anyone know what is a SPARC? What is its benefits n purpose?

Ackman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion

(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Univers

Ackman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion

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HH浩
·2021-06-21
Ya. What’s the “R” In your SPAC?
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- HH浩:
  A SPAC option? Option for spac investors to exit should the acquired target is not as attractive?
  2021-06-21
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- Long2themoon:
  Special Purpose Acquisition “Rights” Company. Seems to be a shell company within another shell company. Sounds convoluted but may provide better protection for investors.
  2021-06-21
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HH浩
·2021-06-21
Shelf company waiting for biz to be injected.
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- Long2themoon:
  Isnt that a SPAC?
  2021-06-21
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TimTamPrata
·2021-06-22
Huat
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The companies reached an agreement despite drawing pushback from Vivendi’s shareholders and disappointment from investors of Pershing Square Tontine.</p>\n<p>SPACs typically pursue mergers with closely held companies, but after this deal, Pershing Square Tontine will remain listed with about $1.5 billion in cash and access to an additional $1.4 billion with the Pershing Square Funds. It will continue to search for a new business combination, according to its statement on Sunday.</p>\n<p>Pershing Square Tontine said it intends to distribute the Universal Music shares to its investors after the music business’s planned public listing in Amsterdam later this year. 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In 2019, a consortium led by China’s Tencent Holdings Ltd. also agreed to buy a stake in Universal Music.</p>\n<p>“After the 20% equity stake acquired by the Consortium led by the Tencent group, the arrival of major American investors provides further evidence of UMG’s global success and attractiveness,” Vivendi said in a separate statement Sunday.</p>\n<p>The transaction is set to close in the coming weeks, and at the latest by Sept. 15, Vivendi said.</p>\n<p>Perella Weinberg Partners advised the board of directors of Pershing Square Tontine.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ackman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAckman’s SPAC to Buy 10% of Vivendi’s Universal Music for $4 Billion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 07:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.\nAckman’s special purpose ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PSTH":"Pershing Square Tontine Holdings"},"source_url":"https://finance.yahoo.com/news/ackman-spac-buy-10-vivendi-181553324.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170361434","content_text":"(Bloomberg) -- A blank-check firm backed by billionaire Bill Ackman agreed to acquire 10% of Universal Music Group for about $4 billion from French media company Vivendi SE.\nAckman’s special purpose acquisition company, called Pershing Square Tontine Holdings Ltd., said the transaction would value the home of Taylor Swift, Drake and Billie Eilish at 35 billion euros ($42 billion) including debt. 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"},{"id":4919410,"commentId":"4919410","gmtCreate":1624233932120,"gmtModify":1663229540431,"authorId":3581627460874168,"author":{"id":3581627460874168,"idStr":"3581627460874168","authorId":3581627460874168,"name":"Long2themoon","avatar":"https://static.tigerbbs.com/b6efd17f4feb4272fc08d9033b1d5b82","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":164497630,"objectIdStr":"164497630","type":1,"supId":4919129,"supIdStr":"4919129","prevId":0,"prevIdStr":"0","content":"Special Purpose Acquisition “Rights” Company. Seems to be a shell company within another shell company. Sounds convoluted but may provide better protection for investors.","text":"Special Purpose Acquisition “Rights” Company. Seems to be a shell company within another shell company. Sounds convoluted but may provide better protection for investors.","html":"Special Purpose Acquisition “Rights” Company. Seems to be a shell company within another shell company. 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","likeSize":0,"commentSize":1,"subComments":[{"id":4918976,"commentId":"4918976","gmtCreate":1624232838695,"gmtModify":1663229537425,"authorId":3581627460874168,"author":{"id":3581627460874168,"idStr":"3581627460874168","authorId":3581627460874168,"name":"Long2themoon","avatar":"https://static.tigerbbs.com/b6efd17f4feb4272fc08d9033b1d5b82","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":164497630,"objectIdStr":"164497630","type":1,"supId":4918941,"supIdStr":"4918941","prevId":0,"prevIdStr":"0","content":"Isnt that a SPAC?","text":"Isnt that a SPAC?","html":"Isnt that a SPAC?"}],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":4950251,"commentId":"4950251","gmtCreate":1624337334339,"gmtModify":1663229693447,"authorId":3581478820646520,"author":{"id":3581478820646520,"idStr":"3581478820646520","authorId":3581478820646520,"name":"TimTamPrata","avatar":"https://static.tigerbbs.com/7112dd358a087dca78af99b862816363","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":164497630,"objectIdStr":"164497630","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Huat ","text":"Huat ","html":"Huat ","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"hasMoreComment":true,"orderType":2}