Axios and Sports Media Firm Athletic Are In Talks To Go Public With Blank-Check Merger
(Reuters) -News website Axios and sports media firm the Athletic are in talks to merge and could go public through a blank-check company, the Wall Street Journal reported on Friday, citing people familiar with the matter.
The discussions are at an early stage and could fall apart, the report said, adding that the financial terms could not be learned.
Axios and the Athletic did not immediately respond to Reuters’ requests for comment.
The combined company may seek to raise money for expansion and acquisitions, the Journal reported, citing people familiar with the investor presentation.
SPACs, or black-check companies, have been behind some of the most high-profile public listings in the past year, including electric-vehicle startup Nikola Corp and luxury electric-car maker Lucid Motors.
