A silhouette of a woman walks past behind a FC Barcelona's logo at Camp Nou stadium in Barcelona, Spain, March 24, 2016.
REUTERS/Albert Gea/File PhotoAug 11 (Reuters) - Spanish soccer club FC Barcelona has agreed to list its content creation unit Barca Media on Nasdaq through a merger with a special purpose acquisition company, valuing the combined entity at $1 billion.
The club said on Friday the deal will fetch new capital for Barca Media, a segment that FC Barcelona expects will be "an important source of revenue in the coming years".
Barca Media will start trading on Nasdaq after the deal with Mountain & Co I Acquisition Corp (MCAA.O) closes in the last quarter of this year, FC Barcelona said.
A special-purpose acquisition company (SPAC), also known as a blank-check company, is a listed entity that merges with a private firm to take it public.
Persons:
Albert Gea, Joan Laporta, Lionel Messi, Laporta, Niket Nishant, Pritam Biswas, Krishna Chandra
Organizations:
FC, Camp Nou, REUTERS, FC Barcelona, Media, Nasdaq, Barca Media, FC Barcelona's, Mountain, Thomson
Locations:
Barcelona, Spain, Spanish, Bengaluru