Is Bustle going public? M&A rumors swirl round media group
THE WHAT? The US proprietor of W and Bustle, Bustle Digital Group is rumored to be in talks with ‘blank-check acquisition firms’, in response to a report revealed by Autopresse.eu.
THE DETAILS The media agency is claimed to be in search of a valuation of US$600 million and has drafted in Farvahar Companions to assist strike a deal. If the deal goes forward, the money could be raised through an IPO by way of a particular goal acquisition firm (SPAC), taking Bustle public.
THE WHY? SPAC is a well-liked different for firms trying to float, subjecting them to much less scrutiny and subsequently bettering their possibilities of attaining their goal valuation, in response to Autopresse.eu. Bustle is, says Autopresse.eu, hoping to make use of the funds raised to purchase up additional titles.