Announced
Financials
Tags
Gaming
Majority
Single Bidder
United States
Merger
Pending
Venture Capital
Private Equity
Friendly
mobile gaming
Acquisition
Private
Cross Border
Reverse Takeover
De-SPAC
Synopsis
Flying Eagle Acquisition, a blank-check firm, agreed to merge with Skillz, a mobile gaming company, in a $3.5bn deal. The transaction is expected to close in the Fall of 2020. Wellington Management, Fidelity Investments, Franklin Templeton Investments and Neuberger Berman have committed more than $159m to the deal in the form of a PIPE at a price of $10 per share of Class A common stock of Flying Eagle immediately prior to the closing of the transaction. “Becoming a public company is an important milestone for Skillz. We look forward to accelerating growth as we work with our developer partners to bring Skillz-powered competitions to every kind of game for billions of gamers worldwide,” Andrew Paradise, Skillz CEO and Founder.
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.