Entertainment

Former CBS CEO Joe Ianniello Launches SPAC, Eyes Media Deals

12 days ago   |   By Deadline

Former longtime CBS executive Joseph Ianniello has launched a special purpose acquisition company, or SPAC, with a handful of former colleagues to scout for acquisitions in media, entertainment and sports. The firm called Argus Capital Corp, filed with the Thursday to raise up to $300 million, offering 30 million units at $10. Ianniello is chairman...
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Former CBS Chief Joe Ianniello Launches SPAC to Raise $300 million

12 days ago   |   By The Wrap

Joe Ianniello is looking to hop on the SPAC train.
On Thursday, the former CBS chief executive launched special purpose acquisition company Argus, named after the Greek mythological giant and the CBS eye logo. He is looking to raise at least $300 million and hopes to find an acquisition in media, telecom or technology, The Wall Street Journal reported .
The spokesman did not disclose how much money has been raised so far.
This move comes as other media giants from AT&T to BuzzFeed have inked their own deals recently, whether in the SPAC route or through pursuing other mergers. AT&T's...
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