A SPAC run by Japanese technology giant SoftBank is in talks to merge with Mapbox, which competes with Google Maps in the provision of sophisticated location data services, Sky News reports.
Discussions between MapBox and SVF Investment Corp. 3 were at an advanced stage, but sources cautioned that a definitive transaction could still fall apart.
Investment banks including Cantor Fitzgerald, Citi, Deutsche Bank, JP Morgan and UBS are all understood to be involved in the deal. Read more.
