The new company aims to combine with a digital media or entertainment business with an inefficient capital structure that can be improved to generate free cash flow. Liberty Media is led by President and CEO Gregory B. Maffei alongside Chief Corporate Development Officer Albert E. Rosenthaler, Chief Accounting Officer and Principal Financial Officer Brian J. Wendling and Chief Legal Officer and Chief Administrative Officer Renee L. Wilm.
Total SPAC deal count for 2021 year-to-date is now 61 with $17.45 billion in gross proceeds raised. This offering is expected to close on Tuesday, January 26.
Citigroup, Morgan Stanley, Credit Suisse and Goldman Sachs & Co. LLC are acting as joint book-running managers for the offering. Skadden, Arps, Slate, Meagher & Flom LLP is serving as Issuer’s Counsel with Ropes & Gray LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.