The mobile games maker Jam City will go public through a merger with DPCM Capital, a special purpose acquisition company led by former Uber executive Emil Michael. The resulting publicly-traded company, to be called Jam City Holdings, will have an enterprise value of $1.2 billion. The deal will add $115 million in cash to the combined company’s balance sheet, including $100 million from a form...
startups entertainment markets media/telecom venture capital
Mobile Game Maker Jam City to Go Public Through SPAC Merger
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The Briefing startups uber/lyft
Oscar Health’s New CEO Has a Tough Job—but Lyft’s New CEO Has It Worse
Mark Bertolini must be feeling pretty good. Since he was named the new CEO of Oscar Health on Tuesday, Oscar’s long-suffering stock has bounced 78%. OK, skeptics will point out that bounce was off a very low base—the stock was at $3.59 on Monday. And even after the rally, Oscar stock is still down 84% from its initial public offering price. But any stock lift is better than the alternative,...
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