Ticketing Platform Vivid Seats Merging with Horizon Acquisition in $769M Deal

Horizon Acquisition

Vivid Seats announced today it has entered into a definitive transaction agreement with Horizon Acquisition.

The transaction will provide approximately $769 million of gross proceeds to Vivid Seats, including a $225 million PIPE provided by institutional investors, including Fidelity Management & Research Company and the SPAC’s sponsor, private investment firm Eldridge Industries. Horizon has $544 million of cash in its trust account.

Eldridge has also committed to make an additional investment in the PIPE at $10 per share in an amount equal to Horizon’s shareholder redemptions, if any.

Vivid Seats is an online independent marketplace for tickets to live sports, concerts and theater events. Read more.

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