Sandbridge Acquisition Corporation (SBG) to Combine with Owlet Baby Care in $1Bn Deal

Sandbridge Acquisition Corporation (SBG) to Combine with Owlet Baby Care in $1Bn Deal

Sandbridge Acquisition Corporation (NYSE:SBG) has entered a definitive agreement to combine with Owlet Baby Care for an enterprise value of $1.07 billion or 6.2x its 2022E net revenue. Owlet Baby Care provides consumer baby monitors and is working to expand its offerings to medical devices and telehealth products. The combined entity is expected to fly
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