(Reuters) -Blank check firm Screaming Eagle Acquisition Corp said on Friday it has agreed to merge with the studio business of entertainment company Lionsgate in a deal valued at about $4.6 billion.
The deal is expected to deliver about $350 million in gross proceeds to Lionsgate, including $175 million from a private investment in public equity and the remaining from the special purpose acquisition company’s trust account.
The studio business, Lionsgate Studios Corp, holds a library of popular content including “The Hunger Games”, “John Wick”, “The Twilight Saga” and “Ghosts”.
The company expects the deal to close in the spring of 2024.
(Reporting by Manya Saini in Bengaluru; Editing by Pooja Desai)
Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.