Cynthia Littleton Business EditorArgus 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 acquire media, sports and entertainment-related properties.Argus Capital’s pitch to investors and acquisition targets is that Ianniello and Argus president Marc DeBevoise have gathered a team of seasoned executives with expertise in operating the businesses that it hopes to acquire through the SPAC process.
If Argus Capital doesn’t find enough entities to acquire within 18 months, it has to return capital to investors. As per the rules of SPACs, the $265 million raised through the IPO process will be held in a trust.
Read more on variety.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.