Jeff Sagansky’s Double Eagle Acquisition Corp. Sets $500 Million IPO

LOS ANGELES: Jeff Sagansky has announced the pricing of a $500 million initial public offering for his third acquisition vehicle, Double Eagle Acquisition Corp.

Double Eagle was formed for the purpose of combining with one or more businesses through a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination. Double Eagle’s sponsor is Double Eagle Acquisition, of which Sagansky is the managing member. Joining him in the management of the company is CFO James Graf, who served in that capacity for Sagansky’s two prior public acquisition vehicles, and Eli Baker, who joins the team as VP, general counsel and secretary, and was a director of one of Sagansky’s prior public acquisition vehicles. Harry E. Sloan, who co-led the two prior public acquisition vehicles with Sagansky, is a major founding investor in Double Eagle alongside the sponsor. 

With this IPO of $500 million, Double Eagle will be looking at business opportunities in the market cap area of $1.5 billion. The four main areas of interest are international TV, content with a view toward OTT, IP owners and/or agencies, and emerging new platforms.