在达成1.7美元的合并交易后，Sports Ventures将收购Visual Effects Company DNeg上市

08:17 AM EST, 01/25/2022 (MT Newswires) -- Sports Ventures Acquisition Corp. (AKIC) has agreed to combine with visual effects and animation company DNEG in a transaction with an enterprise value of approximately $1.7 billion, the firms said Tuesday.

Under the terms of the deal, DNEG shareholders will hold a 71% stake in the combined entity and will roll 85% of their equity interests into it.

DNEG expects to about $400 million in gross transaction proceeds, including $168 million from private investment in public equity investors, including affiliates of Novator Capital.

The board of each company have approved the deal.

The combined company will be renamed DNEG and its shares are expected to be listed on Nasdaq after the deal closes,which is expected in the second half of this year. Namit Malhotra, DNEG's chairman and CEO, will lead the new company.

Price: 9.8, Change: +0.09, Percent Change: +0.93