Thoma Bravo SPAC Said in Talks to Acquire IronSource: Report

Thoma Bravo

Thoma Bravo’s blank-check firm is in talks to take mobile marketing company IronSource public through a merger, Bloomberg reports, citing sources with knowledge of the matter.

Thoma Bravo Advantage is seeking to raise about $1 billion in new equity to support a transaction that values the combined entity at more than $10 billion, said the people, who asked not to be identified because the matter was private.

Tel Aviv-based IronSource is a software company that counts app creators among its users. Read more.

Total
0
Shares
Related Posts
Read More

FG Merger Shareholders Approve iCoreConnect Deal

There is no minimum cash condition to close the deal. However, if the closing cash is less than $20 million then the sponsor has agreed to forfeit any and all dividends accrued on shares of preferred stock owned by the sponsor.