Mobile Gaming Company Skillz Goes Public After Merger With Harry Sloan s Flying Eagle lmtonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lmtonline.com Daily Mail and Mail on Sunday newspapers.
The Tell A surge in âblank checkâ companies this year could drive $300 billion in M&A in 2021ââ22, forecasts Goldman Published: Dec. 14, 2020 at 11:39 a.m. ET By Goldman Sachs declares 2020 the year of the SPAC after a record $70 billion in IPO proceeds 2020 has delivered a bumper year for SPACs, or blank-check companies, in the midst of a broader bull market that has seen the S&P 500 rise nearly 14% to date. Getty Images Email icon
It has been the Year of the SPAC, according to Goldman Sachs, and the next two years are likely to see the ripple effect of the growth of this method of capital raising, which has surged in popularity amid the COVID-19 pandemic.
ADVERTISEMENT
ADVERTISEMENT
Sports & Betting Group Of The Year: Sullivan & Cromwell
Law360 (December 14, 2020, 3:39 PM EST) Sullivan & Cromwell LLP advised DraftKings in its $3.3 billion cross-border merger with SBTech and Diamond Eagle Acquisition Corp. and in its simultaneous $1.8 billion initial public offering all in the earliest months of the pandemic earning it a spot among Law360 s Sports Practice Groups of the Year.
DraftKings, a daily fantasy sports and iGaming company, cleared regulatory hurdles, including securing approval of gaming authorities in U.S. and international jurisdictions, before closing the merger on April 23 and going public the next day.
Pavan Surapaneni, a partner with experience particularly in sports mergers & acquisitions and sports real estate,.