SPAC In Action

    • It’s been a record year for SPACs, with nearly $67 billion raised by 188 SPACs through IPOs this year.
    • This article was first published in the FOS Daily Newsletter. Subscribe here.

Liberty Media, led by billionaire chairman John Malone and CEO Greg Maffei, is getting into the SPAC game. An affiliate of the company filed to raise $500 million to look for a merger in technology, media or telecommunications. 

Amongst the glut of SPACs currently in market, the 79-year-old Malone and his Liberty platform could stand out with its already wide-ranging portfolio across sports and media, including:

  • Atlanta Braves
  • Charter Communications
  • Formula One
  • SiriusXM
  • TripAdvisor

It’s a SPAC world: It’s been a record year for SPACs, with nearly $67 billion raised by 188 SPACs through IPOs this year, with another 57 ready to file. Last year set the previous high mark, with 59 companies raising $13.6 billion. 

Up in Boston: A pending deal between Red Sox owner Fenway Sports Group and the RedBall SPAC could create a chance for fans and public equity investors to own a share of the storied MLB franchise, Fenway Park, Liverpool FC and other properties. 

Fenway Sports Group is also reportedly “looking into” buying another North American sports team, a move that could be funded in part by the SPAC IPO.