Mobile-gaming company Skillz Inc. is set to go public through a merger with a blank-check firm run by veteran Hollywood executives, becoming the latest pairing to take the trendy path to public markets. The deal when struck valued the company at $3.5 billion. The blank-check company’s executives brought sports-betting company DraftKings Inc. to market earlier this year. Skillz is a mobile-gaming platform on which users can play and compete with others in games such as “Solitaire Cube” and “21 Blitz.” The company makes money through revenue sharing with the developers whose games are on the Skillz platform. At the end of the second quarter, Skillz had roughly 2.6 million active users.

Source: Wall Street Journal September 02, 2020 09:19 UTC