Spanish soccer club FC Barcelona plans to list its digital unit Barca Media on the Nasdaq Stock Market through the creation of a SPAC, according to Reuters, citing reporting by newspaper Expansion. The newspaper cited unidentified market sources.
The plan, which involves Swiss private equity fund Mountain Partners, is still in an “initial phase” and the IPO would happen at the end of this year if it proceeds, Expansion reported.
FC Barcelona would keep an 80% stake in Barca Media, while the SPAC would own the remaining 20%. The transaction would value the unit at around 1 billion euros ($1.09 billion), Expansion said. Read more.
