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Sports Ventures (AKIC) to Combine with DNEG in $1.7Bn Deal

Sports Ventures (AKIC) to Combine with DNEG in $1.7Bn Deal

Sports Ventures (NASDAQ:AKIC) has entered into a definitive agreement to combine with visual effects studio DNEG at an enterprise value of $1.7 billion, or about 12.4x its 2022E adjusted EBITDA. London-based DNEG studios provide a full suite of visual effects and animation services to studios from its network of creative centers with 6,700 employees on
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