Monday, November 28, 2022

Shibasish Sarkar’s SPAC International Media Acquisition Corp Buys Reliance Entertainment Studios And Risee Entertainment In $140M Deal

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International Media Acquisition Corp (IMAQ), the acquisitions vehicle Indian media mogul Shibasish Sarkar launched last year, is acquiring Risee Entertainment and Reliance Entertainment Studios.

The deal for the two companies will total $102M in cash and $38M in investment, and will reunite former Reliance Entertainment CEO Sarkar with several former colleagues he left behind when he set up the SPAC (Special Purpose Acquisitions Company).

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Disclaimer: This story is generated from RSS Feed and has not been created or edited by Waba News. Publisher: Deadline

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