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Scooter Startup Bird Preps SPAC Merger

By Cory Weinberg
· · Source: dot.LA

Bird is planning to merge with a special-purpose acquisition company in a deal that would value the scooter startup at $2.3 billion, dot.LA reported. The Santa Monica-based firm, which has been hit hard by the pandemic, is trying to raise $200 million of additional capital as part of the deal to merge with Switchback II Corp., a Dallas-based blank-check company. Long gone are the days when...

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