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markets

Mobile Gaming Company Skillz to Go Public Via SPAC Merger

By
Ross Matican
· · Source: The Information

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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