Malta's online bookmaker Betway parent nears $5.1bn SPAC merger to go public

Super Group, the parent company of Malta-based online bookmaker Betway, had been brewing off an option to go public via an SPAC (Special Purpose Acquisition Company) merger with a blank-check firm Sports Entertainment Acquistion Corp., which in effect could value the merged entity at an approximated $5.1 billion, becoming the latest to go public through an SPAC route amid a high-flying US equity market, people familiar with the subject-matter had unveiled on Saturday on condition of anonymity given the scale of sensitivity of the issue.