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SPAC Led by Ex-Disney Execs Kevin Mayer, Tom Staggs Raises $350 Million in IPO

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variety.com

Todd Spangler NY Digital EditorA special-purpose acquisition corporation targeting tech, media and telecom firms led by two former senior Disney execs — Tom Staggs and Kevin Mayer — raised $350 million in its upsized initial public offering.The SPAC, Forest Road Acquisition Corp.

II, is led by Staggs (former Disney COO) and Mayer (previously chairman of Disney’s Direct-to-Consumer and International and briefly CEO of TikTok) who both serve as co-CEOs and co-chairs of the board.

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