Veteran Hollywood executives Jeff Sagansky and Harry Sloan are launching Flying Eagle Acquisition Corp. with a $600 million initial public offering. It’s the sixth public acquisition vehicle since 2011 launched by Sagansky and Sloan. These kind of acquisition companies have gained in popularity in recent years as a means for investors to participate in new players in the media and digital sector — particularly with rivals emerging to Netflix in streaming technology.
Hollywood executives Jeff Sagansky and Harry Sloan are in advanced talks to acquire magazine publishing company Playboy Enterprises through an acquisition vehicle they launched last year, people familiar with the matter say.
Former MGM Chief Executive Harry Sloan and Jeff Sagansky, a one-time president of CBS Entertainment, say they raised the funds via an initial public offering of a special purpose acquisition company, Silver Eagle.
