Skillsoft to Go Public in SPAC Acquisition After Bankruptcy

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Location: www.wsj.com

Educational-technology company Skillsoft is going public through an acquisition by blank-check company Churchill Capital Corp II, in a transaction valued at about $1.3 billion, after Skillsoft emerged from chapter 11 bankruptcy and financial restructuring in August.

Skillsoft, also known as Software Luxembourg Holding SA, is a private equity-backed publisher of training software for businesses. It filed for bankruptcy in June after the Covid-19 pandemic hurt demand for its services.

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