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
Больше для вас
CNBC reported Tuesday that Musk is discussing a merger between Tesla and SpaceX that would tie his tech empire closer together and instantly create the world’s fifth-largest corporate bitcoin treasury, worth $3.3 billion.
Что нужно знать:
- Elon Musk is exploring a potential merger of Tesla and SpaceX, a move that would deepen operational overlap in areas such as power infrastructure and AI-related computing.
- A combined Tesla-SpaceX entity would control about 30,221 bitcoin, worth roughly $3.3 billion, making it the fifth-largest public corporate holder of the cryptocurrency.
Top Stories
