Utah-based mattress startup Purple merges with NY SPAC shell company in $1.1 billion deal

See video of Purple’s warehouse previously posted on this blog feed. 2nd major SPAC M&A this week nationwide.

Sarah Buhr posted: "Purple, a Utah-based mattress startup announced today it will merge with Global Partner Acquisition Corp (GPAC) in a deal that would value the company at $1.1 billion.

Purple was already well on its way to that valuation when we got to take a sneak peak "

New post on TechCrunch

Mattress startup Purple merges with NY shell company in $1.1 billion deal

by Sarah Buhr

Purple, a Utah-based mattress startup announced today it will merge with Global Partner Acquisition Corp (GPAC) in a deal that would value the company at $1.1 billion. Purple was already well on its way to that valuation when we got to take a sneak peak at operations at the company’s headquarters in the small town of Alpine, […]

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Sarah Buhr | July 27, 2017 at 6:40 pm | Tags: purple, Mergers and Acquisitions, reverse merger, IPO, GPAC | Categories: Fundings & Exits, Startups, TC | URL: http://wp.me/p1FaB8-6nww

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