Jeff Sagansky‘s Double Eagle Acquisition Corp announced a $500 million pricetag for its initial public offering on Monday.
The IPO is set at 50,000,000 units at $10.00 per unit, including $20 million, or 2,000,000 units, to be sold pursuant to the underwriters’ partial exercise of their over-allotment option.
The public acquisition company, the third led by media executive Sagansky, will be looking at business opportunities in the market cap area of $1.5 billion, including international TV, content to be licensed globally, intellectual property owners/agencies and new emerging platforms.
Double Eagle is sponsored by Double Eagle Acquisition LLC, of which Mr.