Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Ackman’s Universal Music Group deal receives pushback from Vivendi shareholder; Zanite confirms negotiations with Eve and Hong Kong launches consultation to allow SPAC listings

Ackman Music Deal Spurs Pushback From Vivendi Shareholder

Vivendi SE shareholder Artisan Partners is opposing the company’s plan to sell bits of Universal Music Group, including a proposed deal with billionaire Bill Ackman’s SPAC.

The move puts pressure on Vincent Bollore’s French media group before shareholders are set to meet on June 22 to vote on a plan to spin off 60% of the world’s largest music company.

“Selling off pieces of UMG to other investors in return for cash is a sub-optimal capital allocation decision,” Artisan portfolio manager David Samra told Bloomberg. “We would prefer that Vivendi spin off its entire ownership of UMG to the shareholders in a tax efficient manner.”

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Zanite Confirms Negotiations With Eve Urban Air Mobility Solutions

Zanite Acquisition Corp. confirmed its negotiations regarding a potential business combination with Embraer’s Eve Urban Air Mobility in an 8-K filing, but no additional information was given. However, given the press around this potential deal and the negotiation confirmation from the SPAC, is certainly a positive signal that a definitive agreement could be in the offing in the near term.

Zanite is led by co-Chief Executive Officers Kenn Ricci, co-owner of Directional Aviation Capital, which controls private-jet flight provider Flexjet, and Steve Rosen, co-founder of private equity firm Resilience Capital Partners. The Cleveland-based SPAC raised $230 million in a November IPO.

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Hong Kong to Launch Consultation on SPAC Listings in Third Quarter

Hong Kong Exchanges and Clearing Ltd 0388.HK will launch a consultation on rule changes in the third quarter to allow SPACs to list in the city, according to a meeting summary of the city’s top finance officials published on Friday.

Rival Singapore Exchange launched a similar consultation allowing SPACs to list earlier this year.

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