Mattress startup Purple merges with NY shell company in $1.1 billion deal

 Purple, a Utah-based mattress startup,announcedtoday it will merge withGlobal Partner Acquisition Corp (GPAC) in a deal that would value the company at $1.1 billion. The new deal is known as a “reverse merger” and would result in Purple becoming a publicly traded company overnight, but without the formal IPO process. Read More

Author: Sarah Buhr
Published at: Fri, 28 Jul 2017 01:40:27 +0000

Credits: https://www.techcrunch.com