Entertainment finance firm Forest Road has launched its second SPAC with Kevin Mayer and Tom Staggs as co-CEOs and co-chairs.
Units of Forest Road Acquisition Corp. II started trading today on the New York Stock Exchange as the execs begin the search for a target company in the tech, media, telecommunications or consumer space.Mayer, previously of Walt Disney and TikTok, was recently named chairman of sports streaming service DAZN.
He and Staggs, a former COO and CFO of Disney, are directors and investors of Forest Road. They were advisors for the firm’s first SPAC, which recently acquired digital fitness specialist Beachbody.
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