June 1 (Reuters) - Business magazine Forbes and online ticketing company SeatGeek said on Wednesday they would terminate deals with blank-check firms, as the SPAC boom fizzles out and such transactions draw greater regulatory scrutiny. Register now for FREE unlimited access to Reuters.com RegisterSeatGeek said it had terminated its $1.35 billion SPAC deal with RedBall Acquisition Corp (RBAC.N) due to "volatility in the public markets". "Expect more (terminated SPAC deals) to come ... This is not the environment for dumb or overpriced deals that make no sense. Register now for FREE unlimited access to Reuters.com RegisterReporting by Niket Nishant, Nivedita Balu and Anisha Sircar in Bengaluru; Editing by Shounak Dasgupta and Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

Source: Forbes June 01, 2022 14:21 UTC