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AmEx Global Business Travel to go public through $5.3bn merger

B2B travel platform American Express Global Business Travel is to go public via a merger with Apollo Strategic Growth Capital. AmEx GBT is currently 50% owned by American Express Co. The new combination with the special purpose acquisition company (SPAC) will have a market capitalisation of $5.3bn. The transaction is to provide up to $1.2bn of gross proceeds, including an oversubscribed $335m PIPE...

Cvent’s SPAC deal with Dragoneer values company at $5.3bn

Global event management software and technology provider Cvent is returning to the public markets with a Special Merger Acquisition Company (SPAC) deal announced 23 July. Cvent’s SPAC merger is with Dragoneer Growth Opportunities Corp. II (NASDAQ:DGNS) and values the company at USD$5.3bn. Cvent, founded in 1999, expects to use $801m of the capital raised by the transaction to accelerate innovation...

Eventbrite integrates further with Zoom as it bets on hybrid

Event platform Eventbrite has announced it is integrating further with Zoom, as the company bets on virtual and hybrid events. Eventbrite has redesigned its integration with the video calling platform, as it builds on the more than 1.4 million online experiences it facilitated last year. The company says it is now seven times faster to use Zoom in Eventbrite events than previously. Users no longer...

vFairs and Zoom sign partnership

vFairs, a virtual/hybrid event platform, has signed a partnership with Zoom to integrate the two platforms. The partnership will see Zoom webinars integrated into the vFairs platform, which allows delegates to explore 3D representations of an exhibition or conference. They can click through different areas of a venue, and explore virtual exhibition booths. Speakers will be able to address an on-si...