DNEG, the visual effects and animation company behind everything from the new “Venom” sequel to multiple Marvel movies and the Tom Hanks war epic “Greyhound,” to name a few, is going public with an SPAC deal that will value the company at $1.7 billion.
DNEG formed the agreement Tuesday with the SPAC Sports Ventures Acquisition Corp. (Nasdaq: AKIC) that will result in the company going public.
Once the transaction closes, ordinary shares will be listed on the Nasdaq and the combined company, renamed DNEG, will be led by Namit Malhotra, DNEG chairman and CEO.
DNEG projects approximately $400 million in revenue and adjusted earnings before interest, taxes, depreciation and amortization of $100 million for its fiscal year ending March 31, 2022.
Read more on thewrap.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.