Sagansky Company Raising $500M in Public Offering

By
( )
published

Former CBS executive Jeff Sagansky plans to raise $500 million in an initial public offering to buy businesses in the entertainment industry.

Sagansky’s company, Double Eagle Acquisition Corp., priced 50,000 units in its offering that includes one Class A share and a warrant to purchase one half of one share. The shares and the warrants will trade on the NASDAQ Capital Market.

Double Eagle will be looking at opportunities in international TV, content that could be distributed over-the-top, intellectual property owners and agencies, and emerging new platforms.

Harry Sloan, former CEO of MGM, is a major founding investor in Double Eagle.

Jon Lafayette
Jon Lafayette

Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.