Harry Sloan & Jeff Sagansky Raise $325 Million in Silver Eagle IPO


NEW YORK: Silver Eagle Acquisition Corp., led by Harry Sloan and Jeff Sagansky, has raised $325 million through an initial public offering, which is more than it expected.

The pair had hoped to sell 25 million units at $10 per unit, planning to raise $250 million. The IPO closed with 32.5 million units sold at a price of $10 per unit.

The company will use the money to invest in and acquire media and entertainment businesses in the U.S. and abroad.