The SPAC, called I2PO, will focus on investing in entertainment and leisure industry companies and list on the Euronext Paris stock exchange, the partners said on Wednesday.
SPACs, also known as blank-check companies, are takeover vehicles that go public to acquire privately held companies in an alternative to a traditional initial public offering . SPACs activity has over the past year, including in the entertainment industry. The likes of DAZN chairman and former Disney top executive Kevin Mayer and Dish boss Charlie Ergen have launched SPACs, among others.
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