Share this article
eToro Nears Merger With SPAC: Report
A deal could be announced as early as Tuesday.
Updated Dec 10, 2022, 9:38 p.m. Published Mar 16, 2021, 11:36 a.m. 1 min read
Trading platform eToro could announce as early as today a plan to go public via a merger with a special purpose acquisition company (SPAC), according to a reporthttps://finance.yahoo.com/news/etoro-said-near-10-billion-232111712.html by Bloomberg citing people with knowledge of the matter.
- The deal with FinTech Acquisition Corp. V would value the combined entity at about $10 billion, the report said.
- FinTech Acquisition Corp. V is led by Betsy Cohen, who has been involved with several other SPACs, including one that took Perella Weinberg public, Bloomberg said.
- Representatives for both companies declined to comment, the report said.
Read more: eToro Said to Be in Talks With Goldman About Possible $5B IPO: Report
More For You
"An Agreement has been largely negotiated, subject to finalization between the United States of America, the Islamic Republic of Iran, and the various other Countries," wrote President Trump late Saturday afternoon.
What to know:
- Down sharply earlier Saturday, bitcoin moved to gains on the day after President Trump announced a peace agreement with Iran and other Middle Eastern countries.
- As part of the deal, Trump said, the Strait of Hormuz will be reopened.
Top Stories
