PlayUp agrees to go public in NZ$598m SPAC deal

PlayUp agrees to go public in NZ$598m SPAC deal
(Image: Getty)
Bloomberg
By Christopher Palmeri(Bloomberg) – PlayUp Ltd is merging with a special purpose acquisition company in a deal that will value the online betting operator at US$350 million (NZ$598m).The transaction with IG Acquisition Corp will help fund expansion of the business and is expected to close in the first quarter, the companies said Thursday in a statement. A fund managed by Yorkville Advisors Global has agreed to invest an additional US$70m in the business. PlayUp allows fans to bet on sports, horse racing and daily fantasy sports in Au...

More Technology

Don't get stuck in Big Tech's ecosystem
Technology Spark Accelerate

Don't get stuck in Big Tech's ecosystem

Amanda Johnstone's warning for Kiwi businesses.

From pilot to payoff: 'Five times return on our AI investment'
Technology The Business of Tech Podcast

From pilot to payoff: 'Five times return on our AI investment'

This week, Peter speaks with Hamish Miles, MD of Salesforce New Zealand.

Peter Griffin 23 Oct 2025
Agritech is NZ’s future, if it acts quickly enough: BCG report
Primary Sector

Agritech is NZ’s future, if it acts quickly enough: BCG report

NZ is still ‘navel-gazing’ about its economic future.

Greg Hurrell 23 Oct 2025
OpenAI unveils search browser in challenge to Google
Technology

OpenAI unveils search browser in challenge to Google

Google shares were down slightly more than one percent in trading.

AFP 22 Oct 2025