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Your guide to a disrupted world
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Plus, megadeals carry global M&A and Unilever settles a year-long ice cream fight
From electric vehicles to fintech start-ups, their stocks have lost an average of 61% of value
The region’s largest blank-cheque vehicle Pegasus Europe is among those seeking a company to merge with
Federal grand jury scrutinises blank-cheque company Digital World Acquisition
Californian group that offers expensive tests in effort to prolong lives was selected after Pimco scuppered earlier deal
The EV truck group has filed for bankruptcy less than a year after going public via a SPAC deal
Investment vehicle led by the ex-Credit Suisse chief has yet to do a deal since launching in February 2021
Rising interest rates and the prospect of tougher regulation have deepened the challenges facing the market
Symbotic executive eyes automation trend due to wage costs and labour shortages
Media group’s intention to go public falters amid dwindling enthusiasm for blank-cheque vehicles
Number of businesses in region are considering blank-cheque company option despite it falling out of fashion elsewhere
Healthcare litigation group MSP Recovery had claimed a $33bn valuation despite losses
Revisions to corporate financial reports rose 289% in 2021, with increase led by Spacs
Vehicle behind Truth Social platform says there are ‘no assurances’ company will stay solvent
Plus, Ares Management finds a diamond in the rough after Novalpina’s collapse and Goldman and Citi sit out the Spac game
Deal backed by Bernard Arnault and Tikehau will create new player in European entertainment
Transaction with Tiga Acquisition Corp values company at $2.1bn
Wall Street bank last year ranked as second-biggest underwriter for blank-cheque companies
Professional group’s recommendations come as regulator seeks sweeping reform of blank-cheque companies
Fast walking FTW; Carl Icahn; and Elon (again, sigh)
Blank-cheque companies have struggled to secure so-called Pipe funding to complete deals
New business aims to grab growing share of streaming market but that means taking on Big Tech
Merger with blank-cheque company backed by billionaire Francois Pinault values Spotify rival at €1.05bn
Lawyers and regulators now have lopsided financial products in their sights
Plus, Blackstone strikes Europe’s biggest take-private, and Germany’s corporate chieftains do a whole lot of nothing
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