SPACs Were Already Fading Before SEC Crackdown: Bloomberg Deals

April 6, 2022, 5:13 PM UTC

Hi, it’s Lizzie here from a very rainy springtime New York. In today’s Bloomberg Deals Newsletter we’re looking at how the U.S. SPAC market had already slowed, even before the SEC’s planned crackdown. Elsewhere, Dubai is defying the global IPO slowdown, and a big Spanish-Italian deal is in the works.

Today’s top stories


  • Crypto exchange Binance is now worth $4.5 billion.


  • Spanish tycoon Florentino Perez is weighing an offer for Atlantia.


  • JetBlue’s CEO is confident his bid for Spirit will pass regulators.


  • Bill Foley-backed Black Knight is weighing a sale.

SPAC backtrack

We’ve been following the SPAC market somewhat obsessively since 2019, ...

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