Soaring Eagle Acquisition Corp. (SRNG) to Combine with Ginkgo Bioworks Inc. in $15Bn Deal

Soaring Eagle Acquisition Corp. (NASDAQ:SRNG) has entered into a definitive agreement to combine with cell programming company Ginkgo Bioworks Inc. at an enterprise value of $15.164 billion, or 24.1x its 2024E revenue. The Boston-based company uses genetic engineering to create bacteria for a range of industries with a focus on strain improvement, enzyme discovery, new
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