Ticketing marketplace Vivid Seats is in advanced talks to go public via a merger with Horizon Acquisition, a SPAC led by Eldridge Industries co-founder and CEO Todd Boehly, Bloomberg reports, citing people with knowledge of the matter.
Horizon has begun discussions with investors about raising equity to support a transaction set to reduce Vivid Seats’ debt and value the combined company at about $2.5 billion, one of the sources said. Vivid Seats’ private equity backers GTCR and Vista Equity Partners are set to roll their ownership stakes into the new entity, the person said. Read more.
