Vistas Media Acquisition Company (VMAC) to Combine with Anghami in $220M Deal

Vistas Media (NASDAQ:VMAC) has entered into a definitive agreement to combine with streaming service Anghami at an enterprise value of $220 million, or 2.5x its 2022E revenue. Anghami provides streaming music through both paid and free users in the Middle East and North Africa. The combined entity is expected to trade under the symbol “ANGH”
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