Thoma Bravo’s blank-check firm is in talks to take mobile marketing company IronSource public through a merger, according to people with knowledge of the matter.

Thoma Bravo Advantage, a special purpose acquisition company, or SPAC, is seeking to raise about $1 billion in new equity to support a transaction that values the combined entity at more than $10 billion, said the people, who asked not to be identified because the matter was private.

The terms of a deal aren’t final and it’s possible talks could fall apart.

Tel Aviv-based IronSource is a software company that counts app creators among its users. The company co-founded by Chief Executive Officer Tomer Bar Zeev has described itself as “profitable from almost day one.”

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By Gillian Tan and Crystal Tse