Announced
Financials
Tags
Acquisition
Domestic
E-commerce
United States
Friendly
ticket platform
De-SPAC
Public
Single Bidder
Merger
Majority
Failed
Reverse Takeover
Synopsis
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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