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Discovery-Backed Group Nine Eyes M&A, Plans Public Offering via ‘Blank Check’ Company
Todd Spangler NY Digital EditorGroup Nine Media, the digital-media company in which Discovery is a lead investor, is on the prowl for mergers and acquisitions in 2021.Group Nine formed a special purpose acquisition company (SPAC), a type of “blank check” shell company, with plans to launch as a publicly traded entity and combine with “another target business” in the digital-media space, according to a registration statement filed Monday (Dec. 21) with the SEC.
