Dneg, the visual effects and animation company behind Dune, F9, Venom and other high-profile productions, has agreed to merge with a Spac called Sports Ventures Acquisition Corp. in a deal that aims to take the group public with a stock listing on the Nasdaq (symbol Dneg).
The combined company will be led by Namit Malhotra, Dneg’s chairman and CEO.
The transaction, expected to close by midyear, implies a combined company enterprise value of approximately $1.7 billion.
Dneg is a leading VFX group that works with Hollywood studios, streaming services and production companies worldwide with operations in North America, Europe (London) and Asia. The two-decade old firm has been awarded six out of the last ten Academy Awards for Best Visual Effects. Upcoming projects include Uncharted, Death on the Nile, Moonfall, Stranger Things S4, Aquaman and the Lost Kingdom, Knives Out 2,...
The combined company will be led by Namit Malhotra, Dneg’s chairman and CEO.
The transaction, expected to close by midyear, implies a combined company enterprise value of approximately $1.7 billion.
Dneg is a leading VFX group that works with Hollywood studios, streaming services and production companies worldwide with operations in North America, Europe (London) and Asia. The two-decade old firm has been awarded six out of the last ten Academy Awards for Best Visual Effects. Upcoming projects include Uncharted, Death on the Nile, Moonfall, Stranger Things S4, Aquaman and the Lost Kingdom, Knives Out 2,...
- 1/25/2022
- by Jill Goldsmith
- Deadline Film + TV
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.