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Singapore SPAC to merge with the 'Spotify of the Middle-East'
Published Thu, Mar 4, 2021 · 05:50 AM
Singapore
A BLANK-CHEQUE company backed by Singapore-based Vistas Media has agreed to merge with music-streaming service Anghami in a deal that could value the Middle Eastern startup at over US$200 million.
Anghami is combining with Vistas Media's US$100 million special-purpose acquisition vehicle or SPAC, called Vistas Media Acquisition Company (VMAC), which was listed on the Nasdaq stock exchange in New York last August.
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