Rush Street Interactive LP has agreed to go public via a merger with a blank-check company that will value the online sports-and-casino betting company at about $1.8 billion including debt, according to people familiar with the matter. Chicago-based Rush Street Interactive and special-purpose acquisition company dMY Technology Group Inc. are set to announce their merger as early as Monday, the people said, making them the latest to join the frenzy of special-purpose acquisition company, or SPAC, deal activity.

Source: Wall Street Journal July 27, 2020 00:56 UTC