Billionaire investor Bill Ackman would "absolutely" do a deal with X, the social platform previously known as Twitter, with his newly approved investment vehicle, Ackman told The Wall Street Journal in a story published on Sunday. On Friday, Ackman announced that the Securities and Exchange Commission approved his new financing vehicle, which he is calling a SPARC — a special purpose acquisition rights company. Ackman told the Journal that he would "absolutely" consider using his newly formed SPARC to invest in X, the social media platform previously known as Twitter. Investors interested in the SPARC were directed to follow Bill Ackman's account on X for more information, according to the press release announcing the regulatory approval of the investment vehicle. "Taking X public would expose X to financial and governance regulatory transparency and accountability; which is why I'm skeptical it'll happen," Jagolinzer said in a post on X.

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Persons: Bill Ackman, Ackman, Bill Ackman's, Vivek Ramaswamy, Robert Francis Kennedy Jr, Elon Musk, Alan D, Jagolinzer Organizations: Wall Street, Securities and Exchange Commission, SPARC, Pershing, Twitter, Pershing Square Capital Management, CNBC, U.S, University of Cambridge Judge Business School