Kranz, previously CFO of Disney-acquired BAMTech Media, is Skillz’ first director appointment as the company builds its board and will bring streaming experience to the future viewership of e-sports on the platform.
Flying Eagle is a Special Purpose Acquisition Vehicle, or SPAC. These are also called “blank check” entities that raise cash from investors, go public and look for companies to buy – meaning the acquisition targets also become public companies but in a process that’s faster and easier than a traditional initial public offering.Skillz is a tech company that is one of the leaders in the growing competitive mobile gaming business.
“Becoming a public company is an important milestone for Skillz,” said CEO Andrew Paradise when the Flying Eagle deal was announced. “We look forward to accelerating growth as we work with our developer partners to bring Skillz-powered competitions to every kind of game for billions of gamers worldwide.”
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