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Guilty: Former TPG executive William McGlashan Jr. has agreed to plead guilty for his role in the Varsity Blues college admissions scandal, heading off a trial that was slated to begin later this year, WSJ Pro writes. 

 

SPAC talks: Matterport, a maker of software for virtual walk-throughs of properties, is in advanced talks to go public through a merger with blank check company Gores Holdings VI Inc., people familiar with the matter told Bloomberg. The transaction is set to value the combined entity at more than $2 billion, one person told the media outlet.

 

 

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They said it

“They’re perceived as a kingmaker,” she said. “Anytime they do a deal, people automatically assume it’s good quality.”

Kristi Marvin, founder of data and research provider SPACInsider.com and a former banker, told WSJ Pro, speaking to Credit Suisse’s involvement advising on SPACs mergers.

Today's letter was prepared by Sarah Pringle

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