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Announced

Completed

Anghami went public via a SPAC merger with Vistas Media Acquisition in a $220m deal.

Financials

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Transaction Value£158m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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music streaming

Majority

Friendly

music streaming platform

Online and Social Platforms

Merger

Lebanon

Cross Border

Single Bidder

Private

Acquisition

Reverse Takeover

De-SPAC

Private Equity

Completed

Synopsis

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Anghami, a music streaming platform and service in the Middle East and North Africa, went public via a SPAC merger with Vistas Media Acquisition in a $220m deal. “Elie and I co-founded the company in 2012 with a vision for Anghami to be a first of its kind, digital media entertainment technology platform in the MENA region. Today, we have taken a significant step forward in our growth plans in seeking to become the region’s first Arab technology company to list on NASDAQ. Being a US listed public company gives us access to growth capital and a global platform that is the best in the world,” Eddy Maroun, Anghami Co-founder and CEO.

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