SeatGeek to go public via $1.35 bln deal with Billy Beane-backed SPAC

Reuters | October 13, 2021

Entrée Capital portfolio company, SeatGeek on Wednesday agreed to go public in a merger with a special-purpose acquisition company, backed by baseball executive Billy Beane of “Moneyball” fame, giving the online ticketing firm an enterprise value of $1.35 billion.

The deal with RedBall Acquisition Corp (RBAC.N) will result in gross proceeds of about $675 million, including a $100 million private investment in public equity (PIPE), the companies said.

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