Gillian Tan (Bloomberg) -- IonQ is in advanced talks to merge with blank-check company DMY Technology Group Inc. III, according to people with knowledge of the matter, creating one of the first public quantum-computing firms.
The combined company is slated to be worth about $2 billion and a deal is set to be announced in coming weeks, said one of the people, who asked not to be identified because the matter is private. Silver Lake, MSD Partners, Bill Gates’s Breakthrough Energy and an affiliate of Hyundai Motor Co. are in talks to participate in a so-called strategic private investment in public equity, or PIPE.
Related: Data Center Provider Cyxtera to Go Public Via $3.4B Starboard SPAC DealShares of the SPAC surged 15% at 10:24 a.m. in New York.
DMY Technology is discussing raising additional equity from institutional investors, and new...