Deals
Digital Virgo to Merge With SPAC of Ex-Michael Jordan Agent
- Mobile payments company reaches deal with blank-check firm
- SPAC transaction to be valued at $513 million including debt
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Digital Virgo, a French mobile payment solutions company, is going public through a merger with a blank-check company founded by prominent sports executives including basketball great Michael Jordan’s former agent.
The company has agreed to a combination with Goal Acquisitions Corp. in a deal that would value it at $513 million including debt, the companies said in a statement Thursday, confirming a Bloomberg News report. The transaction is expected to provide Digital Virgo with at least $100 million in growth capital to expand in North America and elsewhere.