Author: Nicholas Alan Clayton

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RUMORS

Altimeter SPAC Reportedly in Deal Talks with Grab

Southeast Asian ride-hailing and food delivery company Grab is reportedly in merger talks with one of Altimeter Capital Management’s two SPACs: Altimeter Growth Corporation (NASDAQ:AGC) or Altimeter Growth Corp. 2 (NYSE:AGCB), according to Reuters. The deal would reportedly be the largest ever SPAC deal by a wide margin at a $40 billion valuation. Gores IV
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RUMORS

890 5th Avenue Partners, Inc. (ENFA) Reportedly in Deal Talks with Buzzfeed

890 5th Avenue Partners, Inc. (NASDAQ:ENFA) is generating buzz this morning as it reportedly has entered into merger discussions with online media group Buzzfeed, according to Bloomberg. Buzzfeed secured a valuation of about $1.7 billion last November in a deal that saw it take over media peer HuffPost from Verizon (NYSE:VZ) for compensation that included
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GigCapital2, Inc. (GIX) Secures Deadline Extension

GigCapital2 (NYSE:GIX) has extended its transaction deadline from March 10 to June 10, 2021 following a shareholder vote earlier today. Shareholders also opted to redeem 1,852,804 shares (10.7%) in connection with the vote, however, leaving GigCapital2 with $149.6 million in its trust. The terms of GigCapital2’s announced deal with telemedicine firms UpHealth and Cloudbreak require
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Motion Acquisition Corp. (MOTN) to Combine with DocGo in $900M Deal

Motion Acquisition Corp. (NASDAQ:MOTN) has entered into a definitive agreement to combine with Ambulnz, which is to be renamed DocGo upon consummation of the deal, at an enterprise value of $900 million. DocGo, which provides medical transportation and telehealth services, is valued at 5.8x its 2021E revenue in the deal. The combined company is expected
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