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PlayUp Agrees to Go Public in SPAC Deal at $350 Million Value

PlayUp Ltd. is merging with a special purpose acquisition company in a deal that will value the online betting operator at $350 million.

The transaction with IG Acquisition Corp. will help fund expansion of the business and is expected to close in the first quarter, the companies said Thursday in a statement. A fund managed by Yorkville Advisors Global has agreed to invest an additional $70 million in the business.