Paysafe to go public via merger with Bill Foley-backed SPAC

  • 12/7/2020
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Dec 7 (Reuters) - A blank-check acquisition firm backed by veteran investor Bill Foley said on Monday it had agreed to merge with payments platform Paysafe Group Holdings Ltd, valuing the company at around $9 billion, including debt. Paysafe’s merger with Foley Trasimene Acquisition Corp II will result in the London-based company listing on the New York Stock Exchange under the symbol “PSFE”. (Reporting by Noor Zainab Hussain in Bengaluru; Editing by Shounak Dasgupta)

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