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FWONA - Malone and Maffei fans to have another vehicle as Liberty Media files for SPAC
Liberty Media Corporation Series A
Liberty Media Acquisition Corp ((LMAC)) is looking to raise up to $575M to search for and acquire a target in the media, digital media, music, entertainment, communications, telecommunications and technology industries.The sponsor (Liberty Media) will own 20% of LMAC's shares post-offering, and would purchase $250M of units (shares plus warrants) upon consummation of a merger deal.Related tickers: [[FWONA]], [[LSXMA]], [[BATRA]]