Deals
LinkedIn, Zynga Founders’ SPAC to List Air-Taxi Firm Joby
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A blank-check company formed by LinkedIn Corp. founder Reid Hoffman and Zynga Inc. founder Mark Pincus agreed to merge with Joby Aviation as a means to take the air-taxi startup public.
Reinvent Technology Partners’ purchase of Joby values the combined company at $6.6 billion and is expected to provide about $1.6 billion in proceeds, the partners said in a statement Wednesday. The deal is expected to close in the second quarter and list Joby Aviation on the New York Stock Exchange.