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Announced

SeatGeek failed to merge with RedBall Acquisition in $1.35bn deal.

Financials

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Transaction Value£287m
Consideration TypeCash
Capital Owned-
Capital Bid For29%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Domestic

E-commerce

United States

Friendly

ticket platform

De-SPAC

Public

Single Bidder

Merger

Majority

Failed

Reverse Takeover

Synopsis

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SeatGeek, a mobile-centric technology platform that is transforming the live-event experience for fans, teams, and venues, failed to merge with RedBall Acquisition, a SPAC, in a $1.35bn deal. “Given the volatility in the public markets, together, we determined that a termination of the business combination was in the best interest of all parties. We have a tremendous amount of respect for the great team at RedBall and appreciate their partnership throughout the process. SeatGeek recently announced two record-breaking quarters – Q3 and Q4 of 2021 – and we remain confident in our continued long-term growth trajectory," Jack Groetzinger, SeatGeek CEO and Co-Founder.

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