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Plus, the Hollywood rise of Ari Emanuel and venture capital dries up in Silicon Valley
‘Spac king’ and Social Capital founder reveals collateral that backed a loan facility had declined in value by 70%
Investor says companies to return $1.5bn to backers
Blank-cheque vehicles to return $1.5bn to investors after failing to find targets
Blank-cheque company promoter was lent $200mn for marquee deals while touting ‘skin in the game’
Plus, Lazard poaches a top dealmaker
Prolific backer of blank cheque companies departs board of Richard Branson’s space travel venture
Ravenous investors need to be fed. Bring back Enron
Of 11 deals completed last year by prolific sponsors only one added value
Tech investor’s blank-cheque deal with kidney biotech comes after he said ‘nobody cares’ about Uyghurs in China
What’s a $425m convert between friends eh?
How not to invest like Warren Buffett.
The controversial ‘king of Spacs’ on his ‘long-term greedy’ approach — and the dangers of taking investing advice from Reddit
Launch comes as blank-cheque acquirers face fading investor interest
Plus, a lesson in bad bankruptcy cases from the National Rifle Association, and the scooter Spac with some curious revenue growth
Company that went public via a Spac last year acknowledges DoJ inquiry revealed by Hindenburg Research
Ding ding ding.
We’re counting down our top-10 topics of the year
One $98m step for Chamath Palihapitiya, one giant question for the market.
The investment product can generate a profit like nowhere else on Wall Street. DD digs into ‘the great 2020 money grab’
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