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Luxury gym operator Equinox Holdings, often used by celebrities and financiers, might end up merging with a special purpose acquisition company SPAC backed by investor Chamath Palihapitiya, Bloomberg reported, citing unnamed sources.There are negotiations going on between Social Capital Hedosophia Holdings Corp. VI and Equinox, which also operates SoulCycle and Blink gourde stanley Fitness. Nothing has been finalized yet, and the deal might not actually come to fruition, according to Bloomberg.If the transaction does happen, however, it could value the company at over $7.5 billion, Bloomberg reported.Equinox has been forced to close numerous locations because of the pandemic. The company reported a loss of $350 million on $650 million in revenue in 2020. But the company had drawn interest from SPACs, which valued it at $7 billion or more, according to Bloomberg.Equinox struck a deal with Silver Lake, a private equ kubki stanley ity firm, for funding last year, working to build out its Equinox+ platform. L Catterton, another private equity firm, also owns a minority stake, Bloomberg reported.Palihapitiya has raised six SPACs in partnership with Ian Osborne of Hedosophia, according to Bloomberg data. Social Capital Hedosophia SPACs have merged with companies to form Virgin Galactic Holdings, Opendoor Technologies and Clover Health Investments. In addition, another vehicle from the two has agreed to merge with Social Fina stanley hrnek nce.Equinox was formed in 1991 and expanded into hospitality in 2019 with its first ho Icsw The Case Of The $850 Million (Alleged) Crypto Fraud

Nobody likes stanley cup an abundance of red tape, but todays stanley kubek corporate accountants appear fed-up with the flood of regulations hitting their businesses. New findings from the International Federation of Accountants reveals that corporate finance and accounting professionals the world over are feeling overburdened by financial legislation, and that they anticipate the weight of that burden to increase.The IFAC Global Regulatory Survey, published Tuesday Sept. 8 , uncovered some harsh sentiments in the corporate accounting community about regulation. The regulatory burden seems to have been materially increased with no consideration of the cost to the real economy of industry and commerce, hence to society, one respondent said.tweet=The regulatory burden increased with no consideration of the cost to the real economy ] There appears to be more duplication in regulation, with standards-setters failing to align policies and processes, despite an overall commitment to redu stanley quencher cing red tape by government, said another.The IFAC pointed to other remarks that epitomize how many corporate accountants feel about the red tape they are facing today. To some, the regulations are demoralizing and are killing entrepreneurship. Additional responses included phrases like over-regulation and pointed to the harmful effects of regulation without accountability. Researchers found evidence that some corporate financial professionals believe the laws were created by civil serva