SoftBank-backed SPAC to take Mapbox public in $2 bln deal - Sky News

Reuters
2021-04-23

April 23 (Reuters) - Mapbox, a location data services provider, is in talks to go public through a merger with a blank-check firm backed by SoftBank Group Corp in a deal that could value the company at around $2 billion, according to a Sky News report on Friday.

The Washington-based company is in talks with SVF Investment Corp 3 to take it public, the report said, citing a U.S. banking source.

(Reporting by Sohini Podder in Bengaluru; Editing by Vinay Dwivedi)

((sohini.podder@thomsonreuters.com;))

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