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Skillz Mobile-Game Company to Go Public Via Blank-Check Deal
- Hollywood veteran Harry Sloan took same tack with DraftKings
- Skillz to be valued at $3.5 billion after Flying Eagle deal
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Skillz Inc., a mobile-gaming company with titles like Solitaire Cube and Jewel Blitz, will go public by merging with blank-check company Flying Eagle Acquisition Corp., giving it an equity valuation of $3.5 billion.
Investors, including Wellington Management, Fidelity Management & Research, Franklin Templeton and Neuberger Berman, have committed $159 million in the form of private investment in public equity, according to a statement Wednesday. They’ve set a price of $10 per share of Flying Eagle.