Kevin Mayer, Tom Scaggs, Shaquille O’Neal Join Forces for Media-Focused Acquisition Group
thewrap.coma filing with the SEC, Mayer will serve as a strategic advisor, Scaggs will be director and the Chairperson of the Strategic Advisory Committee, and Salil Mehta, another former Disney exec, will be the Chief Financial Officer.O’Neal will also be a strategic adviser, as will producer Mark Burg, and Martin Luther King III will be a director.Also Read: Behind Kevin Mayer's Sudden Exit From TikTok: Bad Fit, Reputation FearsThe special-purpose acquisition company (or SPAC) plans to raise $250 million for acquisitions in the technology, media, and telecommunications sectors.
SPACs, occasionally referred to as “blank check companies,” are shell companies designed to allow investors to pool capital to fund mergers or acquisitions with the intention.
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