#BuzzFeed to become a publicly traded company through SPAC

#BuzzFeed to become a publicly traded company through SPAC

“#BuzzFeed to become a publicly traded company through SPAC” BuzzFeed will become a publicly traded company with an implied value of $1.5 billion through a merger with a special purpose acquisition company. The company, founded by Jonah Peretti in 2006 and initially known for listicles and online quizzes, has established itself as a serious contender…

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#Vivendi shareholders back spinoff of Universal Music Group

#Vivendi shareholders back spinoff of Universal Music Group

“#Vivendi shareholders back spinoff of Universal Music Group” Vivendi shareholders overwhelmingly backed the spinoff of its lucrative Universal Music Group, home to recording artists like Taylor Swift, Lady Gaga and Ed Sheeran. With more than 99 percent approval, shareholders on Tuesday voted in favor of the plan to distribute 60 percent of UMG’s shares to…

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#Thiel-backed psychedelic drugmaker valued at .2B in Nasdaq debut

#Thiel-backed psychedelic drugmaker valued at $3.2B in Nasdaq debut

“#Thiel-backed psychedelic drugmaker valued at $3.2B in Nasdaq debut” Shares of Atai Life Sciences, backed by billionaire investor Peter Thiel, surged 40 percent in their U.S. stock market debut on Friday, giving the German psychedelics startup a market capitalization of $3.19 billion. The Berlin-based biotech startup, which is exploring the use of psychedelic treatments for mental illnesses,…

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#Uber rival and Chinese ride-hailing giant Didi files for IPO

#Uber rival and Chinese ride-hailing giant Didi files for IPO

“#Uber rival and Chinese ride-hailing giant Didi files for IPO” Didi Chuxing, China’s biggest ride-hailing firm, on Thursday made public its filing for a US stock market listing, setting the stage for what is expected to be the world’s biggest initial public offering this year. The company – backed by Asia’s largest technology investment firms, SoftBank,…

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#Pershing Square in talks to buy 10 percent of Universal Music

#Pershing Square in talks to buy 10 percent of Universal Music

“#Pershing Square in talks to buy 10 percent of Universal Music” Billionaire investor Bill Ackman confirmed Friday that his blank-check company Pershing Square Tontine Holdings is in talks to buy a 10-percent stake of Universal Music Group for about $4 billion. The transaction would value the Vivendi-owned Universal Music, which is the home to singers…

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