The Latest SPAC News and Rumors: July 22, 2021
by Marlena Haddad on 2021-07-22 at 11:37am

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: Zoom in talks to invest in Cvent SPAC deal and Bustle owner eyes SPAC deal


Zoom Is in Talks to Invest in Cvent Blank-Check Deal

Zoom Video Communications Inc. is in talks to invest in the blank-check deal that would take event-management software company Cvent public, according to Bloomberg.

Dragoneer Growth Opportunities Corp. II is in discussions with potential investors including the video-chat platform about a private placement to support a deal with Cvent.

Zoom is negotiating to take a roughly 10% portion of the equity being raised for the deal.

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Bustle Owner Eyes SPAC Deal, Acquires Some Spider Studios

Mr. Goldberg’s BDG Media Inc. is buying Some Spider Studios Inc., the digital-media company behind parenting websites Scary Mommy, Fatherly and the Dad, according to The Wall Street Journal. BDG Media aims to go public by merging with a SPAC later this year.

The all-stock deal for Some Spider values the publisher at about $150 million.

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