Azerion went public via a SPAC merger with EFIC1 in a €1.3bn deal.

Azerion Holding, a digital entertainment and media company, went public via a SPAC merger with European FinTech IPO Company 1, a special purposes acquisition company, in a €1.3bn deal. “Azerion has experienced significant growth since its inception in 2014, and we have been looking for effective ways to build on this growth whilst consolidating our leading position in the markets we operate in. This business combination, and the subsequent listing of Azerion, will not only give us access to the capital markets but will also help us raise our profile amongst our customer and partner groups and talented workforce globally. Furthermore, in a consolidating and competitive market, it will help us stay financially flexible whilst fuelling our business expansion, both organically and through acquisitions. We are very pleased to partner with a highly reputable and well-established team in EFIC1," Atilla Aytekin, Azerion Co-Founder and Co-CEO.