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Fitness firms Beachbody, Myx to go public via $2.9 billion SPAC deal


By Reuters Staff
2 Min Read
(Reuters) - Fitness companies Beachbody LLC and Myx Fitness LLC will go public through a three-way merger with a blank-check firm affiliated with former TikTok chief Kevin Mayer, valuing the combined entity at around $2.9 billion.
Beachbody said on Wednesday that on-demand, interactive cycling provider Myx will become a part of the parent, The Beachbody Company, which will operate three brands: Beachbody On Demand, Openfit and Myx.
The deal will be supported by a private investment of $225 million led by institutional investors such as Fidelity Management & Research Company LLC and Fertitta Capital.
Forest Road Acquisition Corp, a special purpose acquisition company (SPAC), is led by Keith Horn, a former chief operating officer at hedge fund Elliot Management Corp. Former TikTok CEO Kevin Mayer is a strategic adviser to the company. ....

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Global equity funds see jump in inflows in week to Jan 27: Lipper

Phnom Penh yoga fans return to mat after lockdown - with a beer


2 Min Read
PHNOM PENH (Reuters) - For some, a post-lockdown group activity that combines exercise with alcohol may seem like the ideal coronavirus stress-buster - though yoga purists should probably avoid Phnom Penh’s TwoBirds Craft Beer brewery while it’s taking place.
The brewery’s yoga classes, resumed after a six-week lockdown across Cambodia - which has officially recorded not a single COVID death - was lifted on Jan. 1, combine holding a pose with clutching a beer, and they’re attracting devotees.
“I have more fun with beer yoga. It’s not as serious as traditional yoga,” said Sreyline Bacha, 25, as she reached for a beer glass, wobbling just a little to maintain her balance in a pose. ....

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