(Courtesy of the Jacksonville Daily Record) — Foley Trasimene Acquisition Corp. is merging with Alight Solutions
Another blank check company formed by Fidelity National Financial Inc. Chairman Bill Foley announced a multibillion-dollar deal this week.
Foley Trasimene Acquisition Corp., a company formed to seek an acquisition, is merging with Alight Solutions, a provider of digital human capital and business solutions.
The merged company known as Alight Inc. is valued at $7.3 billion.
This follows the December deal of a different blank check company, Foley Trasimene Acquisition Corp. II, to acquire payment processing company Paysafe Group Holdings Ltd. in a deal valued at $9 billion. Both deals include investments from subsidiaries of Fidelity and from Cannae Holdings Inc., an investment company spun off from Fidelity.
https://www.jaxdailyrecord.com/article/foleys-blank-check-company-makes-another-deal