Vista Equity Partners’ negotiations to merge three of its companies with acquisition firm Apollo Strategic Growth Capital in a $15 billion transaction have been halted.
Deutsche Bank Rides SPAC Boom to Make League Table Comeback
The craze for blank-check listings is helping Deutsche Bank AG make a comeback in the IPO world.
Thoma Bravo SPAC Is Said in Talks to Take IronSource Public
Thoma Bravo’s blank-check firm, Thoma Bravo Advantage, is in talks to take mobile marketing company IronSource public through a merger, according to people with knowledge of the matter.
Rumor: BuzzFeed Is in Talks to Go Public Via 890 5th Avenue SPAC
BuzzFeed Inc., the digital-media outlet founded in 2006, is in talks to go public through a merger with 890 5th Avenue Partners Inc., a special purpose acquisition company, according to people with knowledge of the matter.
Video: Cipher Mining CEO on Going Public Via SPAC, Bitcoin
Cipher Mining CEO Tyler Page discusses his company going public via SPAC. He also talks about how much Bitcoin the company plans on mining. He speaks to Emily Chang on “Bloomberg Technology.”
Can Masa Son Outshine SPAC Superstar Chamath Palihapitiya?
The worst seems to be behind SoftBank Group Corp. Its stock price has surpassed its dot-com peak, thanks in part to aggressive share buybacks and the successful initial public offerings of its unicorns, such as food delivery startup DoorDash Inc.
SPAC Flop Is Test Case for Disgruntled Investor Lawsuits
Shareholders try to hold blank-check company leaders accountable. Waitr Inc. never had the resources of rivals Grubhub Inc. and UberEats. Yet in November 2018 the online food ordering and delivery business went public through a merger with blank-check firm Landcadia Holdings Inc.
Clearing House Apex in Merger Talks With Ledecky’s SPAC
Northern Star Investment Corp. II surged Friday after people familiar with the matter said Apex Clearing Corp., a securities custody and clearing firm, is in talks to go public through a merger with the blank-check company.
Israeli Startup REE Plans Merger With 10X Capital SPAC
REE Automotive, an electric-vehicle technology startup, has agreed to go public through a merger with 10X Capital Venture Acquisition Corp., a blank-check company, according to people with knowledge of the matter.
23andMe in Talks to Go Public Via Branson SPAC
Consumer DNA-testing company 23andMe Inc. is in talks to go public through a roughly $4 billion deal with VG Acquisition Corp., a special purpose acquisition company founded by billionaire Richard Branson, according to people familiar with the matter.
German Industry Icon Touched by SPAC Fever in $300 Million Raise
A blank-check company led by former Siemens AG Chief Executive Officer Klaus Kleinfeld is looking to buy or invest in a sizable firm after raising $300 million in a stock-market listing.
Video: Betty Liu With Three Reasons Why SPACs Are So Popular
Betty Liu, D and Z Media Acquisition president and CEO, talks about why SPACs are so popular with investors, her company’s plans to file for an IPO, and closing the gender gap on Wall Street. She speaks to Bloomberg’s Sonali Basak. Betty Liu is a former anchor for Bloomberg Television.
Internet Entrepreneur Patrick Grove Files for $250 Million SPAC
Patrick Grove, a serial entrepreneur in Southeast Asia who runs internet-focused investment company Catcha Group, is the latest figure to seek capital through a blank-check firm.
Queen’s Gambit Expands Blank-Check IPO to $300 Million
Queen’s Gambit Growth Capital, a blank-check company led entirely by female executives, increased the size of its U.S. initial public offering to raise $300 million.
Payments Startup Payoneer in Merger Talks With SPAC
Payoneer Inc., an online payments specialist, is in talks to go public through a merger with FTAC Olympus Acquisition Corp., a blank-check firm, according to people with knowledge of the matter. FTAC rose as much as 29% on the news.
Intel Chairman Gets Medtronic Backing for $750 Million SPAC IPO
Compute Health Acquisition Corp., a blank-check company set up by Intel Corp. Chairman Omar Ishrak, filed for a $750 million initial public offering to raise funds for dealmaking in the health technology sector.
Podcast: Cowen’s Co-President on Why SPACs Are Having a Moment
One of the surprising developments in the last year was the boom in SPACs. The so-called blank check companies raised more money in 2020 than they had in the several years prior combined.
SoftBank to File Monday for SPAC to Raise Over $500 Million
SoftBank Group Corp. plans to file Monday to raise at least $500 million through a blank-check company, a person familiar with the situation said, tapping investor enthusiasm for the controversial listing vehicles.
Bill Ackman’s Pershing Square SPAC Is a Unique Vehicle for Investors
Pershing Square Tontine Holdings Ltd (NYSE:PSTH) has bucked the trend of most SPACs (Special Purpose Acquisition Corp.), both in terms of the type of deal it’s looking to make and its size.
Goldman Strategists Say SPACs May Spur $300 Billion M&A Activity
Blank-check companies looking for deals could lead to $300 billion in mergers and acquisitions over the next two years, according to Goldman Sachs Group Inc.