Israel's eToro, Betsy Cohen-backed SPAC end $8.8 billion merger deal

:Israel's online brokerage eToro and Betsy Cohen-backed blank-check company FinTech Acquisition Corp have mutually agreed to terminate their merger deal more than a year after it was announced, the companies said on Tuesday.

Dealmaking in the SPAC market has also been stifled by tightening regulatory scrutiny and high investor redemptions, while a steep decline in share prices of companies such as Grab Holdings Ltd and BuzzFeed Inc that went public through SPACs mergers has also soured sentiment. The deal announced in March last year was amended in December to lower eToro's valuation by more than 15 per cent to $8.8 billion. The companies had also agreed to extend the deadline to close the deal by June 30.

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Indonesia sovereign wealth fund, China fund sign $3 billion investment dealJAKARTA : Indonesia's sovereign wealth fund and China's Silk Road Fund have signed a framework agreement under which the Chinese fund aims to invest up to 20 billion yuan ($2.99 billion) in the Southeast Asian country, they said in a joint statement.The investment scope under the agreement includes all bu Latest victim - Sri Lanka. How many more are going to fall prey. Beware of debt trap thru OneBelt,OneRoad 一带一路 initiative. For poorer nations that were duped into borrowing billions fr CN, use Chinese labour to build OBOR railroads/ports, whet it fails (indebted to CN) or succeeds (supply monopoly, ie. agri/raw materials), CN is the winner Debt Summary: Doesn't mean those numbers not put under China, CN do not hv a part in them. The infrastructures (ports etc.) built by CN in SriLanka that r instantly useless, CN is equally culpable. CN's hands r tainted with blood in the sorrowful plight of bankrupt SLK today.
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