Special Purpose Acquisition Companies are everywhere and they’re spending huge sums, from long-time Geffen Records President Neil Jacobson’s $200m IPO in New York, to Reservoir’s NASDAQ plans via SPAC merger, to Bill Ackman’s financial vehicle buying 10% of Universal Music Group. Now a new SPAC, launching in Europe, with over $300m at its disposal, could be another game-changer for the music industry.
Source: A new SPAC has $325m to spend – and it’s got its eye on the music industry