Mergers & Acquisitions
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Our M&A lawyers are among the most experienced and effective in the world. We represent many of the world's largest publicly traded and privately held companies, as well as leading private equity firms, financial advisors and other financial institutions and investors on their most important mergers, acquisitions and takeover transactions.
IG Acquisition Corp. to Combine With PlayUp Limited in Take-Public Deal
- Client News
- September 22, 2022
Paul, Weiss is advising IG Acquisition Corp., a publicly traded special purpose acquisition company (SPAC) led by Bradley Tusk, in its business combination with PlayUp Limited, an Australian global sports, entertainment and betting operator. The parties also will also enter into an accompanying scheme implementation deed in which PlayUp will list on the NASDAQ via a newly-formed Irish company. The transaction values PlayUp at $350 million.
PlayUp is positioned to build the first fully integrated technology platform where consumers can engage in broad forms of betting—including daily fantasy, sports betting, slots, table games, casino games, Esports, lottery, sweepstakes and more—all from a single platform. The transaction is expected to close in the first quarter of 2023 subject to the satisfaction of customary closing conditions.
The Paul, Weiss team includes corporate partners Ian Hazlett and Adam Givertz, and counsel Christian Kurtz; tax partner David Mayo and counsel Sohail Itani; intellectual property partners Claudine Meredith-Goujon and Charles Googe; and litigation counsel Steven Herzog.