TouhTunes Going Public Via SPAC Merger
TouchTunes Corp., a provider of out-of-home interactive entertainment networks in North America, has agreed to go public via a reverse merger with Victory Acquisition Corp. (AMEX: VRY), a special purpose acquisition company. The deal is valued at approximately $330 million, plus the assumption of $40 million in TouchTunes debt. TouchTunes is controlled by VantagePoint Venture Partners.
25 March 2009•4 mins read
