Wynn Interactive to Merge with SPAC Austerlitz Acquisition Corporation I (AUS)
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Wynn Interactive to Become Independent Public Company Through Combination With Austerlitz Acquisition Corporation I
May 10, 2021 4:02 PM EDTWynn Interactive is delivering one-of-a-kind digital gaming experiences to mobile users through proprietary, differentiated technology
Combined company expected to have post-transaction enterprise value of approximately $3.2 billion
Business combination includes approximately $640 million of cash proceeds from Austerlitz Acquisition Corp I, led and founded by William P. Foley II, to help fuel growth
Cannae Holdings, Inc. has agreed to fully backstop share redemptions, assuring availability of cash proceeds at closing
Current shareholders of Wynn Interactive will retain approximately 79% of the combined... More
