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James Murdoch Joins SPAC Frenzy, Seeks to Raise $345 Million

James Murdoch is getting in on the SPAC frenzy that has taken over Wall Street over the past year. Murdoch is the co-chairman of Seven Island Inc., a special purpose acquisition company seeking to raise $345 million from investors in an IPO. Murdoch's partner in the venture is Uday Shankar, the former CEO of STAR India and chairman of The Walt Disney Company's India businesses.
Read more on: newsbreak.com