Rush Street Interactive LP has agreed to go public via a merger with a blank-check company that will value the online sports-and-casino betting company at about $1.8 billion including debt, according to people familiar with the matter.
Chicago-based Rush Street Interactive and special-purpose acquisition company dMY Technology Group Inc. are set to announce their merger as early as Monday, the people said, making them the latest to join the frenzy of special-purpose acquisition company, or SPAC, deal activity.
...New York Times Co. has reached an agreement to acquire Serial Productions, the maker of the hit podcast “Serial,” a deal that aims to further the newspaper’s podcasting ambitions, according to people familiar with the matter.
An announcement could come as soon as Thursday, one of the people said. New York Times and Serial Productions declined to comment.
The...
EBay Inc. is in advanced talks to sell its classified-ads business to Norway’s Adevinta ASA, according to people familiar with the matter, as the online auction pioneer seeks to refocus on its core marketplace business.
A cash-and-stock deal could be announced as soon as Monday assuming the talks don’t fall apart, the people said. The price of the deal couldn’t be learned but the eBay unit was expected to sell for roughly $8 billion or more, some of the people said.
...Swedish oat-milk maker Oatly AB has sold a $200 million stake to a group led by private-equity giant Blackstone Group Inc. that includes Oprah Winfrey, Natalie Portman, former Starbucks Corp. chief Howard Schultz and the entertainment company founded by Jay-Z.
The sale of the roughly 10% stake values Oatly at about $2 billion, according to people familiar with the matter.
The...
Fallout from the coronavirus has fueled a fresh wave of interest in an unusual investment vehicle with a shaky reputation: the blank-check company.
Blank-check companies are essentially big pools of cash, listed on an exchange, whose sole purpose is to do an acquisition. When a blank-check company buys a target firm, the firm gets its spot...
MultiPlan Inc. is merging with a special purpose acquisition company in an $11 billion deal that will take the health-care-services provider public, according to people familiar with the matter.
The company, currently owned by private-equity firm Hellman & Friedman, will merge with Churchill Capital Corp. III, a SPAC run by former Citigroup Inc. banker Michael Klein that went public in a February initial public offering, the people said.
...MultiPlan Inc. is merging with a special purpose acquisition company in an $11 billion deal that will take the health-care-services provider public, according to people familiar with the matter.
The company, currently owned by private-equity firm Hellman & Friedman, will merge with Churchill Capital Corp. III, a SPAC run by former Citigroup Inc. banker Michael Klein that went public in a February initial public offering, the people said.
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