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- Mountain & Co. I Acquisition Corp. (NASDAQ:MCAA) and FC Barcelona have decided to call off their merger, the SPAC and the European soccer club said in a joint statement Friday.
- The parties said they decided to terminate the agreement to focus on near-term business opportunities, which are best addressed in a private structure.
- The parties have agreed that Barça standalone, without Mountain, shall fully concentrate on leveraging such business opportunities, which are projected to substantially drive growth for Barça Media.
- In a separate release, the SPAC said it intends to pursue alternative business combination opportunities.
- Press Release.