Germany's 468 SPAC to acquire children's entertainment firm Boxine

Rocket Internet SE

17/06/2021 15:32

FRANKFURT, June 17 (Reuters) - 468 SPAC  SPACG.DE , a blank
check firm set up by German tech entrepreneurs, on Thursday said
it has entered exclusive negotiations to buy children
entertainment firm Boxine at a post-money valuation of about 1
billion euros ($1.2 billion).
    468 SPAC has signed a letter of intent that includes raising
100 million euros through private investment in public equity
(PIPE) for Boxine, it said.
($1 = 0.8378 euros)

 (Reporting by Arno Schuetze; Editing by Christoph Steitz)
 ((arno.schuetze@thomsonreuters.com; +49 30220133648;))