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NEEDHAM, Mass.--(BUSINESS WIRE)--Ekran System Unveils New Workforce Password Management Feature to Enhance Privileged Access Management Capabilities.
Ticketing platform SeatGeek announced today that it had raised $238 million privately as part of a Series E funding round. The company has a valuation of $1 billion, according to the release.
"Unfavorable" market conditions are "particularly impacting growth technology companies," the SPAC and the ticket platform said in ending merger deal.
Ticketing platform SeatGeek and RedBall Acquisition Corp. decided to terminate their $1.35 billion take-public deal amid a roller-coaster market.
Business magazine Forbes and online ticketing company SeatGeek said on Wednesday they would terminate deals with blank-check firms, as the SPAC boom fizzles out and such transactions draw greater regulatory scrutiny.
SeatGeek Co-Founder & CEO Jack Groetzinger joins Yahoo Finance anchors Julie Hyman and Brian Sozzi to discuss demand for live entertainment, going public via RedBall SPAC merger, the Coachella music festival lineup, and the state of the ticketing industry.