Sports Ventures Acquisition Corp. Business Combination to Take DNEG Public
January 25, 2022
DNEG entered into a definitive business combination agreement with Sports Ventures Acquisition Corp. (a Nasdaq-listed SPAC) to take DNEG public, with the combined company expected to be renamed DNEG and listed on the Nasdaq. The deal implies an enterprise value of about $1.7 billion and includes a $168 million PIPE led by investors including affiliates of Sports Ventures, Novator Capital Limited, and Fairfax Financial and Arbor Financial affiliates.
- Buyers
- Sports Ventures Acquisition Corp., PIPE investors (affiliates of Sports Ventures, Novator Capital Limited, Fairfax Financial, and Arbor Financial)
- Targets
- DNEG
- Industry
- Media & Entertainment
- Location
- United Kingdom
- Transaction Type
- Buyout
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