Competitive online gaming website Skillz announced Wednesday that it will go public by merging with blank check firm Flying Eagle Acquisition Corp. San Francisco-based Skillz lets multiple players compete in video games on Apple and Android phones. The $3.5 billion deal is the latest in a wave of special purpose acquisition companies, or SPAC mergers, in which cash-rich shell companies bring...
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News Analysis crypto
The Best- and Worst-Case Scenarios for Coinbase
The Securities and Exchange Commission’s lawsuit against Coinbase today, alleging a wide range of securities violations, kicks off what will likely be a yearslong legal battle that holds the key to Coinbase’s future. If the SEC wins, it will be all but impossible for the crypto giant to do business in the U.S. The SEC alleges that Coinbase has been operating an unregistered...
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