FC Barcelona's unit to list in US via $1 bln SPAC deal (updated)

Mountain & Co I Acquisition

11/08/2023 11:12

(Adds details)
       Aug 11 (Reuters) - Spanish soccer club FC Barcelona said
on Friday its content creation unit Barca Media will list its
shares in the U.S. through a merger with a special purpose
acquisition company that values the combined entity at $1
billion.
    Barca Media will start trading on Nasdaq after the deal with
 Mountain & Co I Acquisition Corp  MCAA.O  closes, FC Barcelona
said.
    Existing shareholders of Barca Media will retain an 80%
stake in the unit, assuming none of the blank-check company's
shareholders redeem their shares.

 (Reporting by Niket Nishant in Bengaluru; Editing by Krishna
Chandra Eluri)
 ((Niket.Nishant@thomsonreuters.com;))