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What Is A SPAC?

WeWork, the flexible office-sharing startup, is making another attempt to go public after its initial effort in 2019 failed. This time, WeWork has merged with a special-purpose acquisition company, known as a SPAC, in a deal to take WeWork public.

Mike Regan, senior editor for Bloomberg News, explains SPACs and how this deal is supposed to work.

This article was originally published on WBUR.org.

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