, plans to go public by merging with a special-purpose acquisition company backed by a real-estate giant, the latest startup looking to use a so-called blank-check vehicle to cash in on strong investor interest in tech-enabled businesses.
The merger will unite venture-capital-backed Latch with TS Innovation Acquisitions Corp. , a special-purpose acquisition company sponsored by New York commercial real-estate firm Tishman Speyer Properties LP that raised $300 million late last year, the companies said Monday. The deal, which values Latch at $1.56 billion, is expected to close in the second quarter, and Latch is expected to trade on the Nasdaq under the symbol LTCH, they said.
The deal would also be a windfall for Tishman Speyer. The company, which owns properties including Rockefeller Center and 200 Park Avenue in New York, is set to receive a roughly 4% stake in Latch, worth around $60 million, as de facto payment for sponsoring the SPAC.
internetofshit
Do you think this is what people really need right now?
Hello, please check out my gig if you need any kind of graphic design.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WSJ News Exclusive | Black News Channel Looks to Shake Up Cable-TV News LandscapeBlack News Channel, which has expanded its reach more than 20-fold in about seven months, will relaunch in March with a new programming slate Owned by white ppl? Hard pass 🙄 Awesome. Oppression looks good on them. Disgusting
Source: WSJ - 🏆 98. / 63 Read more »
WSJ News Exclusive | Microsoft Is in Exclusive Talks to Acquire DiscordMicrosoft is in advanced talks to acquire messaging platform Discord for $10 billion or more, according to people familiar with the matter, as the software giant seeks to deepen its consumer offerings. Hey FTC thanks Welcome to the community, new Bitcoiners. Make sure you follow lisadonaldT She understand Bitcoin and have an unflinching optimism about it. She is for transparency and trust 💯 “Everything is good for Bitcoin.”
Source: WSJ - 🏆 98. / 63 Read more »
WSJ News Exclusive | News Corp Nears Deal to Buy Houghton Mifflin Harcourt's Consumer-Publishing ArmThe deal would add a portfolio of high-profile novels from authors such as George Orwell, Philip Roth and J.R.R. Tolkien to News Corp’s HarperCollins Publishers division. where are the media regulators? We’re halfway to Dundler-Mifflin. Ohhh the irony of News Corp (owner of Fox News) buying the publisher of Orwell
Source: WSJ - 🏆 98. / 63 Read more »
WSJ News Exclusive | NBC’s News Chief Pushes Streaming and Bets on Post-Trump Story LinesRachel Maddow, Shepard Smith and Joy Reid will be asked to make streaming only-shows, as NBCUniversal News Group’s chief, Cesar Conde, pushes for new viewers Is it possible to find a good guy on Twitter? I’m surprised that anyone can listen to Rachel Maddow.
Source: WSJ - 🏆 98. / 63 Read more »
WSJ News Exclusive | Micron, Western Digital Looking at Possible Deals for Chip Maker KioxiaMicron Technology and Western Digital are each exploring a roughly $30 billion deal for Japanese chip maker Kioxia, people familiar with the matter said I never thought of meeting a legit bitcoin trader after been scammed many times at my age but the heaven sent Michael_homas9 who guided me and help me make a living through bitcoin with my LUNO app, I recommend you to meet him now and also be a beneficiary of good work Can we go somewhere today?
Source: WSJ - 🏆 98. / 63 Read more »