The Briefing: 23andMe Going Public Via SPAC, Proposed Revamp Of Antitrust Enforcement, BigChange Lands $102M, And More
Summary
The transaction is expected to close during the second quarter of this year, after which the combined company’s securities will trade under the ticker symbol ME. U.S. Democratic Sen. Amy Klobuchar of Minnesota proposed new antitrust legislation to examine anticompetitive conduct and mergers while adding reforms to enforcement. Last year, executives from Amazon, Apple, Facebook and Google were summoned to Capitol Hill to explain their business practices, while talk of antitrust issues and even dismantling some large technology companies became a point of discussion from Democrats during the past presidential election. The Series A gives San Francisco-based Opyn $9.1 million in total funding since the company was founded in 2019, according to Crunchbase data. Meanwhile, GajiGesa, founded in 2020 and based in Jakarta, raised $2.5 million in seed funding to expand its financial wellness platform for workers in Indonesia.
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