James Murdoch, Shankar Weigh SPAC to Acquire Asian Media Firm
- Venture with ex-Disney executive tapping advisers, investors
- Vehicle potentially targeting media and technology companies
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James Murdoch’s investment company Lupa Systems LLC, and a former senior executive at The Walt Disney Co.’s Asia unit are weighing a plan to raise funds through a special purpose acquisition company, people familiar with the matter said.
The former chief executive officer of 21st Century Fox Inc. and Uday Shankar, the former president of Walt Disney Asia Pacific, are seeking a blank-check vehicle to acquire Asian companies in sectors including media and technology, the people said, asking not to be named as the information is not public. The joint venture is sounding out advisers as well as potential investors in the SPAC, the people said. They are considering listing the vehicle in the U.S., one of the people said.