The Beachbody Company Group today announced a definitive three-way merger agreement with Forest Road Acquisition and Myx Fitness Holdings, an at-home connected fitness platform.
The transaction values the combined company at $2.9 billion and is expected to add over $420 million of cash to the balance sheet, including a committed PIPE of $225 million, led by institutional investors including Fidelity Management & Research Company and Fertitta Capital.
The transaction is expected to close in the second quarter, and the combined company will list on the NYSE under BODY. Read more.
