David's Bridal Plans to Spin Off AI Platform Pearl
David's Bridal announced plans to spin off its AI wedding platform, Pearl, into a standalone publicly traded company, with a non-binding letter of intent with K&F Growth Acquisition Corp. II contemplating a $350 million valuation and a $75 million private investment.
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| Oct 22, 5:30 AM | qz.com | David's Bridal plans to spin off its AI wedding platform at a $350M valuation |
| Oct 22, 4:00 AM | cnbc.com | David's Bridal plans to spin off AI platform Pearl into publicly traded company |