Bill Ackman
Founder and CEO of Pershing Square Capital, exiting UMG after a failed takeover bid but still netting ~$600M.
“This guy on autopilot within 1 year raised 220 million dollars. Bill Ackman who traditionally raised a lot of money really quickly when he graduated Harvard, it took him about 5 years to raise 60 million dollars.”
Source→“Pershing Square Capital plans to sell its 4.4% stake in Universal Music Group, after the record label rejected a $63 billion takeover offer.”
“Pershing Square holds around 80.6 million shares in UMG, with the WSJ reporting that it's expected 'to reap at least $600 million in profits, including dividends on the nearly five-year investment.'”
“Participants: Bill Ackman, Chamath Palihapitiya, David Friedberg, David Sacks, Jason Calacanis”
Source→“People always bring their eye to the new, new thing. And the new, new thing is sort of chips and semiconductors and energy. And that's where the shorter term capital is going.”
Source→“Bill Ackman's hedge fund Pershing Square made a $64 billion offer for Universal Music Group”
Source→“Pershing Square, led by Bill Ackman, took a stake in Microsoft.”
“Bill Ackman... said the company should sell its entire Spotify stake to support €1.5B in share buybacks.”
AI-extracted from podcast / newsletter / paper summaries. May contain errors.