Brief: World Media And Entertainment Universal To Go Public Through Black Spade Acquisition II Co

Generation Essentials

27/01/2025 13:47

Jan 27 (Reuters) - Black Spade Acquisition II Co
 BSII.O :
    * WORLD MEDIA AND ENTERTAINMENT UNIVERSAL TO GO PUBLIC
THROUGH
BUSINESS COMBINATION WITH BLACK SPADE ACQUISITION II CO
    * BLACK SPADE ACQUISITION II CO - BUSINESS COMBINATION
VALUES WME
AT APPROXIMATELY $488 MILLION
    * BLACK SPADE ACQUISITION II CO - NON-REDEEMING SHAREHOLDERS
TO
RECEIVE $1.25 PER SHARE POST-TRANSACTION
    * BLACK SPADE ACQUISITION II CO - EXISTING WME SHAREHOLDERS
TO
HOLD OVER 70% OF COMBINED COMPANY

Source text:  ID:nBw5FFrVXa 
Further company coverage:  BSII.O 

 (Reporting by Siddhi Mahatole)
 ((SiddhiPrabhanjan.Mahatole@thomsonreuters.com;))