So, are you thiking Bloomberg?
Or Bloomberg with something else?
I am asking because if it was Bloomberg… wouldn’t it be better to maintain the well known and established “Bloomberg” name? (eg. The Bloomberg terminal or the Bloomberg news)
All roads lead to bloomberg, I think possibly dissolving/selling off parts would tie in well with the comments on complexity.
PERSHING SQUARE MEDIA GROUP LLC
Square implies it’s Square the financial company, media implies it’s Bloomberg the media company.
Are we being trolled?!
That or another media company maybe. I don’t really know why they’d need to form their own media company to be honest. Hopefully we’ll hear something in the meeting at 4pm.
Would you not register your chosen company name sooner than this if they’ve been working in this since November. This could be for PSTH2?
Just in case anyone is interested, the take aways from yesterday’s £PSH investor meeting are below. It seems to have had a bit of a negative effect on the stock price. He’s still talking in terms of a couple or so/a few weeks (so today is probably not the day). It’s good to know there’s a backup plan if the current deal falls through, even though waiting longer will hurt.
This is a great find on r/PSTH. Bill lays out his announcement plan in an interview from November. A public announcement will be made one month before DA. It’s been two weeks since then therefore DA is likely to be early June.
Come on Billy boy … taps fingers
Porsche. Could it be could it be? After hours bump too.
After Hours Grim
It’s on Bloomberg, will see what the numbers look like. Although not a unicorn it looks very interesting and generates cash like there is no tomorrow. Good reopening play too.
RNS released
The wait is finally over!
Can FreeTrade confirm that they (FreeTrade) have the technology to ensure PSTH shareholders will have access to PSTH2 and SPARC at NAV?
They said to me in the in app chat that they would need to wait to find out how it was going to happen before saying if they could support it
I also want to know this, if the platform can’t handle it I will be transferring my shares
Caffeine hasn’t kicked in yet so apologies if I get some of this wrong:
• 4billion from PSTH will be used to buy 10% UMG
• PSTH will remain publicly traded with remaining 1.5B to buy another company
• UMG shares to distribute to PSTH holders post listing on Amsterdam exchange in Q3 2021
• Interesting bit on SPARC- PSTH holders get the right to buy PSTHII at NAV of $20 AFTER DA announcement and you don’t have to put up any capital in the mean time!
Not sure how all of this will work here on FT
Like you I need a coffee first and hopefully more details emerge soon