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DNEG To Combine With Sports Ventures Acquisition Corp.; Transaction Implies Value Of ~$1.7B

Benzinga Real-time News · Jan 25, 2022 07:30

DNEG, a high-growth, technology-enabled visual effects and animation company executing ground-breaking, award-winning work for the world's largest content creators, enters into business combination agreement with Sports Ventures Acquisition Corp. (NASDAQ:AKIC)
Proven business model with historical profitability; DNEG projects approximately $400 million in revenue and adjusted EBITDA of $100 million for its fiscal year ending March 31, 2022 (FY2022)
Long-term creative relationships lead to highly visible, recurring revenue streams, including approximately $731 million in order book and pipeline for FY2022 and beyond as of September 30, 2021
Substantial opportunity as a public company to further accelerate DNEG's growth by expanding capacity and...

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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