In a landmark merger, global law firm White & Case LLP advised Screaming Eagle Acquisition Corp., a SPAC, on its $4.6 billion business combination with Lions Gate Entertainment Corp.’s studio business. The transaction, which closed on May 13, 2024, created Lionsgate Studios Corp., now one of the largest standalone pure play, publicly traded content companies globally. Following the merger, Lionsgate Studios’ shares began trading on Nasdaq on May 14, 2024, under the ticker symbol ‘LION.’ The new entity encompasses Lionsgate’s Motion Picture Group and Television Studio segments and boasts a film and television library exceeding 20,000 titles. Additionally, White & Case advised on a $350 million financing associated with this combination. Screaming Eagle Acquisition Corp. is the eighth SPAC sponsored by Eagle Equity Partners, with White & Case also having advised on its IPO. The law firm has a robust track record, having advised on more than 130 SPAC IPOs valued at over $40 billion and over 60 business combinations valued at over $100 billion.
Media and Entertainment, Legal Services, Financial Services,United States
https://www.whitecase.com/news/press-release/white-case-has-advised-screaming-eagle-acquisition-corp-its-us46-billion