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Paysafe Nears $9 Billion SPAC Merger

By
Ross Matican
· · Source: The Information

Online payments company Paysafe agreed to go public by merging with a special purpose acquisition company, the firms announced in a press release Monday morning . The payments firm will merge with a SPAC led by billionaire Bill Foley, called Foley Trasimene Acquisition Corp. II. The merger will value Paysafe at $9 billion, including a $2 billion private placement from long-term investors such as...

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From left, Alphabet CEO Sundar Pichai, DeepMind CEO Demis Hassabis and Google Brain chief Jeff Dean. Photos by Getty, Bloomberg
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