Why is every digital media company talking about a SPAC? Why now? And what, exactly is a SPAC? Axios’ Dan Primack and WSJ’s Ben Mullin talk to Recode’s Peter Kafka about the wave of deal-making, what it means, and how long it will last.

Featuring: Dan Primack (@danprimack), Business Editor at AxiosBen Mullin (@BenMullin), Media Reporter at The Wall Street JournalHost: Peter Kafka (@pkafka), Senior Editor at RecodeMore to explore: Subscribe for free to Recode Media, Peter Kafka, one of the media industry's most acclaimed reporters, talks to business titans, journalists, comedians, and more to get their take on today's media landscape.About Recode by Vox: Recode by Vox helps you understand how tech is changing the world — and changing us.Learn more about your ad choices. Visit podcastchoices.com/adchoices