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Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.
Recent from Bloomberg Technology:
Bloomberg Technology published this video item, entitled “SPACs Will Face Many Litigation Challenges: Eventbrite Co-founder” – below is their description.
Apr.06 — Kevin Hartz, co-founder and chairman at Eventbrite Inc, discusses the boom in the special purpose acquisition companies (SPAC). He is the backer of SPAC one, which debuted last summer, and a second SPAC, two, which was just announced last month and filed for a $200 million IPO. Hartz speaks to Emily Chang on “Bloomberg Technology”.Bloomberg Technology YouTube Channel
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In This Story: Special purpose acquisition companies
A special purpose acquisition company, is a “blank check” shell corporation designed to take companies public without going through the traditional IPO process. SPACs allow retail investors to invest in private equity type transactions, particularly leveraged buyouts. Find out more.