, which is targeting deals in what it describes as “tech-driven media” sector, is offering investors 26.5 million units, priced at $10 apiece. Once public, the so-called “blank-check” company will be obligated by to make its first acquisition over the next year and a half, per the rules.
In an interview with Deadline, DeBevoise said the company’s size — it is looking to raise $250 million or more to start funding its deal spree — is “right in the sweet spot” to provide a viable foundation for media deals. “It’s not so large we can’t be nimble, but not so small that people won’t talk to us.”
While the SPAC marketplace has become crowded, DeBevoise acknowledges, he said data reviewed by Argus indicates that firms focused on media make up less than 10% of the overall pool. Fueled by private equity and economic and industry conditions, M&A activity has reached a new level in recent months, with companies like SpringHill, Hello Sunshine and several others drawing fresh investments.in July.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SPAC Led by CBS Alums Raises $265 Million for Media-Focused DealsArgus Capital Corp., a special purpose acquisition vehicle backed by Joe Ianniello and other former CBS Corp. executives, went public Wednesday and is projected to raise about $265 million to acqui…
Source: Variety - 🏆 108. / 63 Read more »
‘NCIS Hawai’i’ Gently Mixes Up a Stalwart CBS Procedural Formula: TV ReviewThe first episode of “NCIS” premiered in 2004 with news footage of George W. Bush boarding Air Force One transforming into a scripted scene of a fictional George W. Bush joshing about b… I hope it's not one of those standard series, where white cast are the STARS in an ethnic setting! Its old and tired and I'm sick of 'White Man Savior' of ethnic people!
Source: Variety - 🏆 108. / 63 Read more »
What's on TV Monday: Season premieres of 'Bob Hearts Abishola' and 'The Neighborhood' on CBSWhat to watch Monday, September 20: Season premieres of 'Bob Hearts Abishola' and 'The Neighborhood'; 'Muhammad Ali' on PBS; 'Dancing With the Stars'
Source: latimes - 🏆 11. / 82 Read more »
SPAC Led by CBS Alums Raises $265 Million for Media-Focused DealsArgus Capital Corp., a special purpose acquisition vehicle backed by Joe Ianniello and other former CBS Corp. executives, went public Wednesday and is projected to raise about $265 million to acqui…
Source: Variety - 🏆 108. / 63 Read more »
Nicole Kidman Talks Tom Cruise & Keith Urban Marriages, Shows Natural Curls In Harper's BazaarThe Oscar winner reflected on how the media focused on her Cruise relationship (via toofab) TooFab Nfl on TooFab Uuggh I miss her curly hair! It was 🔥🔥🔥
Source: TMZ - 🏆 379. / 59 Read more »
Steven Mnuchin Raises $2.5B For New Fund, Investments Will Include “New Forms of Content”The former Trump Treasury Secretary's Liberty Strategic Capital will also invest in technology, fintech, and financial services firms. how you do all this while holding public office Blood money Maybe we can get some o that?
Source: THR - 🏆 411. / 53 Read more »