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
Location
United Kingdom
Transaction Type
Buyout

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