WSJ News Exclusive | Hollywood Visual-Effects Studio DNEG Reaches $1.6 Billion SPAC Merger to Go Public

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Hollywood visual-effects studio DNEG, known for its work on movies like “Inception” and “Tenet,” will go public via SPAC at a valuation of $1.6 billion

Merger would come as content creators such as Disney and Netflix spend billions to accelerate movie and television production

Private companies are flooding to special-purpose acquisition companies, or SPACs, to bypass the traditional IPO process and gain a public listing. WSJ explains why some critics say investing in these so-called blank-check companies isn’t worth the risk. Illustration: Zoë Soriano/WSJ

 

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