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Animation/VFX Studio DNEG Calls Off $1.7B SPAC Deal
The company will no longer go public due to the “headwinds in the SPAC marketplace and general market volatility.”
#Namit Malhotra
DNEG Will Go Public In $1.7 Billion SPAC Deal
The vfx giant’s move follows an abandoned plan for an IPO.
DNEG Gets $250M Investment From Novator As It Mulls Expansion Into Gaming, Original IP
Novator, which is led by Icelandic billionaire Thor Björgólfsson, will own a 15% stake in DNEG.
DNEG Asks Global Staff Earning Over $43,200 To Take A Three-Month Pay Cut (EXCLUSIVE)
The company says this must be done in order to retain jobs amid the crisis. Union representatives are worried about the long-term implications.
London-Based VFX Titan DNEG Announces IPO, Aims To Raise $191 Million
The vfx and animation company employs nearly 7,000 people worldwide.