Sloan and Sagansky’s Silver Eagle raises $325m

Silver Eagle Acquisition Corp. has raised US$325 million that it will invest into international media companies.

Silver Eagle Acquisition Corp. has raised US$325 million that it will invest into international media companies.

The investment vehicle is run by media executives Harry Sloan and Jeff Sagansky, who organised an IPO, which has now been completed. Shares in the company are listed on the US Nasdaq exchange.

The company said its purpose is “to take advantage of the substantial deal sourcing, investing and operating expertise of its management team to identify, acquire and operate media or entertainment businesses, including but not limited to providers of content, with high growth potential in the United States or internationally.”

Sloan and Sagasnky already operate a media investment business, Global Entertainment.