Boxine to go public via a merger with 468 SPAC I in an €870m deal.

Boxine, a cloud-connected kid's audio entertainment business and the company behind the Tonies children audio entertainment system, agreed to go public via a merger with 468 SPAC I, a Luxembourg special purpose acquisition company, in an €870m deal. Boxine develops and distributes Tonies, an innovative audio system for children. Boxine has created a new product category that combines the segments of cloud-connected audio, streaming, gaming and toys. Through its business model and customer-centric, data-driven content creation, Boxine has become a popular D2C brand. The SPAC and Boxine intend to create a globally recognized and industry defining digital children's media and entertainment company.