{"id":82017,"date":"2022-07-12T01:21:48","date_gmt":"2022-07-12T05:21:48","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=82017"},"modified":"2022-07-12T01:21:22","modified_gmt":"2022-07-12T05:21:22","slug":"bill-ackman-to-wind-up-spac-return-4-billion-to-investors","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2022\/bill-ackman-to-wind-up-spac-return-4-billion-to-investors.html","title":{"rendered":"Bill Ackman to wind up SPAC, return $4 billion to investors"},"content":{"rendered":"\n<p>(CNBC) Billionaire investor William Ackman, who had raised $4 billion in the biggest-ever special purpose acquisition company (SPAC), told investors he would be returning the sum after failing to find a suitable target company to take public through a merger. The development is a major setback for the prominent hedge fund manager who had initially planned for the SPAC to take a stake in Universal Music.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2022\/07\/12\/bill-ackman-to-wind-up-spac-return-4-billion-to-investors.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Billionaire investor William Ackman, who had raised $4 billion in the biggest-ever special purpose acquisition company (SPAC), told investors he would be returning the sum after failing to find a suitable target company to take public through a merger. [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-82017","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/82017","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=82017"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/82017\/revisions"}],"predecessor-version":[{"id":82018,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/82017\/revisions\/82018"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=82017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=82017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=82017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}