FC Barcelona to List Media Unit in NY in $1 Billion SPAC Deal
Raphael Dias Belloli 'Raphinha' of FC Barcelona during a match between FC Barcelona and Tottenham Hotspur in Barcelona, on Aug. 8.
Photographer: Eric Alonso/Getty Images
This article is for subscribers only.
Spanish football’s FC Barcelona will list its content creation unit Barca Media in the US via a merger with a special purpose acquisition company that values the combined entity at $1 billion.
The club, which won the LaLiga title last year, agreed to combine the unit with a SPAC owned by Swiss private equity fund Mountain Partners, according to a statement. The deal is expected to close in the fourth quarter and the company will trade on Nasdaq under the ticker “BRME.”