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.