Churchill Capital Corp II Announces Additional $400 Million Investment and Strategic Support Agreement With Prosus N.V. in Connection With Skillsoft and Global Knowledge Transactions
Churchill Capital Corp II Announces Additional $400 Million Investment and Strategic Support Agreement With Prosus N.V. in Connection With Skillsoft and Global Knowledge Transactions
11/11/20, 1:19 PM
Location
new yorkMoney raised
$400 million
Churchill Capital Corp II ("Churchill II") (NYSE: CCX.U), announced today that Prosus N.V. ("Prosus"), a global consumer internet group and one of the largest technology investors in the world, has exercised its previously announced option to invest an additional $400 million in Churchill II's planned acquisition of Software Luxembourg Holding S.A. ("Skillsoft") and Global Knowledge Training LLC ("Global Knowledge"), bringing Prosus's total investment in Churchill II in connection with the transaction to $500 million.
Company Info
Location
new york, new york, united states
Additional Info
Churchill Capital Corp II is a special purpose acquisition company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Churchill II was founded by Michael Klein, who is also the founder and managing partner of M. Klein and Company. The Company raised $690 million in its IPO in June 2019 and is listed on the New York Stock Exchange (NYSE:CCX.U). For more information, visit https://churchillcapitalcorp.com/.