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Seatgeek Scraps SPAC Plans, Citing Market Volatility

By
Maria Heeter
· · Source: The Information

The online ticket platform Seatgeek and blank-check special acquisition company RedBall scrapped a plan to go public via a merger, the firms announced Wednesday. The deal would have valued the combined company at $1.35 billion. Market volatility, particularly for technology stocks, sparked the reversal, the mobile ticket platform and the sports-focused SPAC, backed by Oakland Athletics...

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