The Online Investor

Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Wed., Mar. 3, 9:46 PM

Slide #4. Anghami Inc. Vistas Media Acquisition Company Inc.

Acquirer: Anghami Inc.
Acquiree: Vistas Media Acquisition Company Inc. (NASDAQ:VMAC)
Details: Anghami Inc. ("Anghami" or the "Company"), the leading music streaming platform and service in the Middle East and North Africa and Vistas Media Acquisition Company Inc. (NASDAQ: VMAC), a publicly traded special purpose acquisition company led by CEO F. Jacob Cherian and co-founders Saurabh Gupta and Abhayanand Singh, announced that they have entered into a definitive merger agreement that will result in Anghami becoming the first Arab technology company to list on NASDAQ. The transaction implies a pro-forma enterprise value of $220 million. The combined company will operate under the Anghami name and will trade under the new symbol "ANGH." The transaction is expected to close in Q2 of 2021.



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Company Name: 
Vistas Media Acquisition Co Inc
Sector: 
Investment Companies & Venture Capital
 

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