German blank-check firm 468 SPAC said it had entered exclusive negotiations to buy children’s entertainment firm Boxine for about 1 billion euros ($1.2 billion), Reuters reports.
The price is based on a post-money valuation.
468 SPAC, which was set up by German tech entrepreneurs, has signed a letter of intent that includes raising 100 million euros through a PIPE for Boxine, it said.
Boxine is a children’s digital media and entertainment business and features an award-winning, screen-free audio entertainment system for ages three years and older. Read more.
