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In 2018 Farley left the NYSE to start a SPAC, nearly a year before the official SPAC boom began. Far Point Acquisition Corp, backed by Dan Loeb's Third Point, bought payments company Global Blue for $2.6 billion in Jan 2020:https://www.wsj.com/articles/far-point-acquisition-nears-deal-to-buy-global-blue-from-silver-lake-11579170605 …
Far Point's purchase was incredibly ill-timed - COVID lockdowns destroyed Global Blue's travel-focused business, and the SPAC nearly dropped the deal altogether.https://www.barrons.com/articles/spacs-dont-always-go-smoothly-global-blue-could-still-end-happily-51598101200 …
After the Global Blue deal finally closed Farley started another SPAC, this time Far Peak in November 2020. THIS is the company that's buying Bullish for $9 billion. Farley is expected to stay on as CEO, bringing exchange experience to the startup crypto firm.
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