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Loeb, Ma Invest in $2.6 Billion FinTech With M&A Plans Ahead

  • Investors to put $1 billion into Global Blue in Far Point deal
  • Deal also will give Global Blue a New York stock listing
Bloomberg business news
Thomas Farley speaks on “Bloomberg Markets.”Source: Bloomberg)
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Activist investor Dan Loeb, Chinese tycoon Jack Ma and Silver Lake joined forces to bet on the business of luxury shoppers’ tax refunds, and on the future of travelers splurging when abroad.

Global Blue SA will get $1 billion of investment from Far Point Acquisition Corp. and new investors as part of a merger that will list the combined firm on the New York Stock Exchange, according to a statement from the companies on Thursday.