Deal values Utah ‘bed-in-a-box’ mattress maker Purple Innovation at $1.1B

A New York acquisition company is buying “bed in a box” manufacturer Purple Innovation LLC in a deal that values the new but rapidly growing Utah company at $1.1 billion. Global Partner Acquisition Corp., a publicly traded company, anticipates putting up $90 million in cash that will go to Purple’s current owners, with the rest of the purchase price provided by equity in the new public company they plan to create, the two companies said Thursday. Purple Innovation, based in Alpine with manufac...

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