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Horizon Acquisition, which counts Boehly as its chairman and CEO, raised $525m in an October initial public offering and said it would seek a target business operating in media and entertainment. The SPAC is sponsored by an affiliate of Eldridge Industries, a Greenwich, Connecticut-based investment firm founded by Boehly, an ex-Guggenheim executive who co-owns the Los Angeles Dodgers.
Other companies in sports betting, including Genius Sports and DraftKings Inc., have agreed to go public through mergers with SPACs
Source: Fortune
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