The former chief executive of Sony Computer Entertainment America, who helped make the PlayStation a popular gaming console, is leading a $225 million special-purpose acquisition company that’s pursuing a deal in the video game industry.
Jack Tretton, who started his career with Sony in 1995, is now the chief executive of PowerUp Acquisition, according to a prospectus filed with the Securities and Exchange Commission.
Joining Mr Tretton on the management team is Bruce Hack, former chief executive of Vivendi Games and vice chairman of Activision Blizzard from 2008 to 2009.
PowerUp is looking to acquire a company in the interactive media space that focuses on video games, according to the prospectus, but could ultimately choose a company in any industry.
Spacs – also known as “blank-cheque companies” – are publicly listed businesses created to complete an acquisition that brings a private entity to public markets.
This year, more than 600 Spacs priced in the US, surpassing $160 billion, making up the majority of global issuance. However, many Spacs underperform traditional initial public offerings.
Terror attacks in Paris, November 13, 2015
- At 9.16pm, three suicide attackers killed one person outside the Atade de France during a foootball match between France and Germany
- At 9.25pm, three attackers opened fire on restaurants and cafes over 20 minutes, killing 39 people
- Shortly after 9.40pm, three other attackers launched a three-hour raid on the Bataclan, in which 1,500 people had gathered to watch a rock concert. In total, 90 people were killed
- Salah Abdeslam, the only survivor of the terrorists, did not directly participate in the attacks, thought to be due to a technical glitch in his suicide vest
- He fled to Belgium and was involved in attacks on Brussels in March 2016. He is serving a life sentence in France
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White hydrogen: Naturally occurring hydrogen
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The National will broadcast live from the IMF on Friday October 13 at 7pm UAE time (3pm GMT) as our Editor-in-Chief Mina Al-Oraibi moderates a panel on how technology can help growth in MENA.
The biog
Born: Kuwait in 1986
Family: She is the youngest of seven siblings
Time in the UAE: 10 years
Hobbies: audiobooks and fitness: she works out every day, enjoying kickboxing and basketball
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