Revenue / 10.14.21

SeatGeek to Go Public Via $1.35 Billion Deal With Billy Beane-Backed SPAC

Access Staff

Reuters (10/13/2021)

On Wednesday, SeatGeek agreed to go public in a merger with a special-purpose acquisition company. The agreement is backed by baseball executive Billy Beane (of “Moneyball” fame), giving the online ticketing firm a value of $1.35 billion. This deal with RedBall Acquisiton Corp will result in gross proceeds nearing around $675 million, which includes a $100 million private investment in public equity. SeatGeek, which was founded in 2009, is home to partners including the Dallas Cowboys, Brooklyn Nets and Liverpool F.C., along with Major League Soccer, the National Football League, half of the English Premier League and multiple theatres across New York City’s Broadway and London’s West End.

Read the full story from Reuters.

Tags: News , Leadership