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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Uuu btw the WSJ, a stable Economy with a market drop is good for investors, buy low sell high. You have to do the research. And— “War” can be an ironic good thing for the market, Russia and Ukraine talking about war. Smh.. talking about it. -ingles \\\\

very fine

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Well deserved

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