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LinkedIn, Zynga founders file for new $850M SPAC amid reported merger talks with Joby Aviation, Hippo

[Editor’s note: Because the Joby news is breaking as we’re preparing this week’s email digest, we’re sharing three Joby-related articles in this one post. Silicon Valley Business Journal (SVBJ) today published LinkedIn, Zynga founders file for new $850M SPAC amid reported merger talks with Joby Aviation, Hippo (2/13/21). Investor’s Place shared Joby Aviation SPAC Merger: RTP Stock Pops as Deal Talk Advances for the Flying Taxi Startup (2/12/21). Prior, SVBJ shared LinkedIn, Zynga founders close to SPAC merger deal with Santa Cruz-based Joby Aviationy SVBJ (2/11/21). Read on… (in reverse chronological order).]

(3) LinkedIn, Zynga founders file for new $850M SPAC amid reported merger talks with Joby Aviation, Hippo

By Cromwell Schubarth
Silicon Valley Business Journal (SVBJ)
February 13, 2021 — Santa Cruz, CA

LinkedIn co-founder Reid Hoffman and Zynga founder Mark Pincus can’t seem to get enough of “blank check” IPO mania.

They filed plans to raise $850 million for their third special purpose acquisition company (SPAC) on Friday, following reports that their first two are in talks to take public Santa Cruz flying taxi business Joby Aviation Inc. and Palo Alto insurance tech unicorn Hippo Enterprises Inc.

Continue reading here: https://www.bizjournals.com/sanjose/news/2021/02/13/linkedin-zynga-founders-file-for-new-850m-spac.html

(2) Joby Aviation SPAC Merger: RTP Stock Pops as Deal Talk Advances for the Flying Taxi Startup

By William White
InvestorPlace
February 12, 2021 — Santa Cruz, CA

Joby Aviation special purpose acquisition company (SPAC) merger is reportedly in the works with the blank-check company Reinvent Technology Partners and RTP stock is soaring.

According to recent rumors, Reinvent Technology Partners will act as the vehicle that takes flying taxi startup Joby Aviation public. This matter isn’t public yet and sources are remaining anonymous due to the confidential nature of the talks.

Continue reading here: https://investorplace.com/2021/02/joby-aviation-spac-merger-rtp-stock-pops-as-deal-talk-advances-for-the-flying-taxi-startup/

(1) LinkedIn, Zynga founders close to SPAC merger deal with Santa Cruz-based Joby Aviation

By Cromwell Schubarth
Silicon Valley Business Journal
February 11, 2021 — Santa Cruz, CA

LinkedIn co-founder Reid Hoffman and Zynga founder Mark Pincus reportedly are close to a deal to take Santa Cruz-based flying taxi unicorn Joby Aviation Inc. public.

This follows another report late last week that a special purpose acquisition company (SPAC) sponsored by their New York-based Reinvent Technology Partners is also in talks to take Palo Alto-based insurance technology unicorn Hippo Enterprises Inc. public.

Hoffman and Zynga raised money for two separate SPACs last year. Reinvent Technology Partners Corp. raised $690 million in September. Reinvent Technology Partners Z raised $200 million in November.

Continue reading here: https://www.bizjournals.com/sanjose/news/2021/02/11/report-joby-aviation-close-to-spac-merger-deal.html

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