 Boom What's up money geeks? Mr. V here. Welcome to another video guys. So into this video. We are going to talk about Persian square So if you guys remember last month, we did a video here on the channel where I actually told you guys That they were buying 10% of Universal music and I told you that I wasn't too excited about that move because that's not what I was anticipating I was looking for something bigger was looking for something better Like going after square or something like that. So I was a little bit disappointed with that move But fortunately my priors actually were answered because if you guys can see There's some news that just came out and this is exactly from this is a letter from the CEO Bill Eggman, but let me just go over here CMBC. So you guys can actually see so Bill Eggman Persian square Drops steel to buy 10% of the universal music, which to us. I think this is a win And so the whole idea now is that they're gonna go after more traditional Merger or more traditional acquisition, which that's what I was looking for in the first place So this is absolutely good news again for me. If you are an investor, I think this is better than There are universal music deal that they were talking about So that's what I wanted to cover into this video But before we get started guys if you're new to the channel We took about how to earn money how to save money how to invest and build wealth So that's something that interests you go ahead and hit that subscribe button and the notification bell So you don't miss out on new content. So guys when it comes again to this particular Spark, I mean like there was so many People looking up to this park hoping that this was gonna be some Generational merger, but it never really panned out the way it did so I'm happy that this thing fell through Maybe some people wanted this to go through but I'm personally I'm smiling because I didn't really think this was an excellent deal. So Now the deal has been scrapped and now again They're saying they're gonna go through a more traditional approach and you can see here The CEO said that the stock price actually dropped 18% since the transaction was announced on June 4th So that wasn't a good thing because normally when we announce a merger like that Some people get excited and you anticipate that the price of the stock would go up But the reverse was true the price of the stock instead took a beating. So Now they don't have a specific date as to when they're gonna go, but I think they have 18 months to get another You know merger go through so they have at least 18 months to get that that's over a year to decide And if there are their board of director decide or the shareholders decide to vote and increase that time to go after another Company to merge with then they can certainly do that. So again, if we can go here and look at where the stock was trading right now It's about 20 Dollars and 39 cents. So I mean it hasn't been Making any specific move. This is where it started when they initially announced this spark. It started about 20 dollars So this thing had if we just go here six months and gone up to about 30 something dollars and they're now selling back Loads of the year So hopefully they can find another company in my personal opinion I think the square would be an ideal candidate for this guy. They can go after a square. That would be The best thing that can possibly happen. But who knows we'll see what happens there So that's what I wanted to cover in this video again. Just a quick recap here guys Bill Eggman deal with a universal Music has been scrapped. So that deal is not going through Right now. They are looking to go Maybe find another company that's more traditional more in the space that they were looking for kind of like a fintech company Or maybe just a tech company to take public. So that's what we're gonna be seeing here So I'm gonna keep you guys posted if anything comes up with this particular You know spark again, this is a spark that a lot of people have been looking at and it has a lot of high hopes So or this was a disappointment that I think they are trying to rectify And find something that would make shareholders happy. So again, let me know in the comment section What you think about is were you excited about the merger with universal music or were you as disappointed? Like I was so let me get let me know in the comment section if you're new to the channel We took about how to earn money how to save money how to invest and build wealth So there's something that interests you go ahead and hit that subscribe button and the notification bell So you don't miss out on new content also guys if you're looking to get started with investing We both has their promotion where if you sign up and deposit a hundred dollars You get free stocks links in the description below and as always guys do your due diligence. Don't be a pretty savage Stay motivated