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LinkedIn, Zynga founders to take Joby Aviation public

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LinkedIn co-founder Reid Hoffman and Zynga founder Mark Pincus are taking Bay Area air taxi startup Joby Aviation Inc. public.

The process involves a special purpose acquisition company called Reinvent Technology Partners Corp. that's led by Hoffman and Pincus.

Joby intends to use $1.6 billion in capital raised through the deal to start a commercial passenger service in 2024.

Read more from the Silicon Valley Business Journal.

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