The Latest SPAC News and Rumors: July 22, 2021


The Latest SPAC News and Rumors: July 22, 2021

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.


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.