As SPAC Frenzy Continues, Questions Arise About How Much Markets Can Absorb: Report

Wall Street

TechCrunch looks at research showing that when more people adopt a practice, it will become increasingly widespread due to growing awareness and legitimacy. Yet when it comes to something that’s more controversial — which the argument could be made for SPACs, TechCrunch writes — outsider concern and skepticism also grows as the practice becomes more widely used. Read more.

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More Litigation Over Makada Manila Casino Deal

Officials of a Japanese entertainment company in a merger fight over a Manila casino resort sought to improperly influence a prominent Filipino legislator to regain control of the property, a SPAC suing Universal Entertainment alleged.