FC Barcelona’s content creation platform, Barça Media, has entered into a merger agreement with Mountain & Co I Acquisition Corp (NASDAQ:MCAA), a publicly traded special purpose acquisition company (SPAC), which will see the former become a publicly listed company.
Barça Media produces digital content and broadcasting capabilities surrounding FC Barcelona, one of the most popular football clubs worldwide. It produces video content, interviews, match highlights, and documentaries.
President of FC Barcelona, Joan Laporta, expressed his enthusiasm regarding the partnership, stating, “This collaboration with Mountain & Co I Acquisition Corp will further establish Barça Media as a global leader in content creation and distribution within the sports industry.”
“By going public, we will unlock new opportunities to expand and innovate, solidifying our commitment to providing unrivaled experiences to our fans worldwide.”
The new company is valued at around $1 billion. The business will continue to be led by Toni Cruz, an experienced Spanish media executive.
Upon closing, the Class A common stock of the combined company is expected to be listed on NASDAQ under the ticker symbol “BRME”.