India’s JetSynthesys Is Said in Talks to Merge With BurTech SPAC

JetSynthesys, an Indian digital entertainment and technology company, is in talks to go public through a merger with blank-check firm BurTech Acquisition Corp., according to people with knowledge of the matter.

The two companies have signed a non-binding letter of intent regarding a transaction that values the combined entity at more than $700 million, said the people, who asked not to be identified discussing private talks. BurTech may seek an additional $120 million in new financing to support the deal, one of the people said. Terms could still change and it’s possible that talks collapse.