 Hedge fund billionaire Bill Ackman setup up the 4 billion special purpose acquisition vehicle SPAC, Pershing Square Tontine Holdings Ltd NYSE: PSTH, in July 2020. But after almost a year without a deal, the SPAC announced last week that it will be acquiring a 10 stake in Universal Music Group, which is majority-owned by the ... The post Are SPARCs the new SPACs? 