CuriosityStream, a streaming service offering factual content, is headed to the NASDAQ Exchange via a reverse merger deal valued at $331 million, including debt.
The deal will turn CuriosityStream into a public company, under the ticker symbol CURI. John Hendricks, founder of the Discovery Channel who launched CuriosityStream in 2015, will remain chairman of the board of the combined company and becomes its largest shareholder. Elsewhere, fuboTV, which merged with FaceBank Group, a developer of technology IP, to create a sports-first digital entertainment alternative online for cord-cutters and cord-nevers, announced that it has filed a registration statement with the U.S. Securities and Exchange Commission for a public offering of its common stock.