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Former politician Paul Ryan. Photo by Bloomberg
The Briefing

SoftBank Feeds SPAC Frenzy: The Information’s Tech Briefing

Photo: Former politician Paul Ryan. Photo by Bloomberg

Raise your hand if you’re not doing a SPAC. It often feels like the list of people who aren’t involved with a special purpose acquisition company—a cashed-up public company looking for a business to buy—is shorter than the list of people who are involved in one.

So far, SPAC backers include former politician Paul Ryan, basketball great Shaquille O’Neal, Martin Luther King III, Eric Schmidt, a lot of former executives from different companies and even some current executives such as Casper CEO Philip Krim.

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