Sports Ventures Acquisition Corp (AKICU)

DNEG, a U.K.-based visual effects and animation house whose customers include Netflix and major Hollywood film studios, has called off plans to go public amid the broad global slump in financial markets. In January, DNEG had announced plans to merge with Sports Ventures Acquisition Corp., a special purpose acquisition company (SPAC), in a deal valuing […]

NEW YORK & LONDON, June 16, 2022--DNEG ("DNEG" or "the Company"), a leading technology-enabled visual effects (VFX) and animation company for the creation of feature film, television and multiplatform content, and Sports Ventures Acquisition Corp. ("Sports Ventures") (NASDAQ: AKIC), a publicly-traded special purpose acquisition company, announced today that the companies have mutually agreed to terminate their previously announced business combination agreement, effective immediately.

LONDON, June 15, 2022--Erika Burton Joins DNEG Animation as President, Alongside Tom Jacomb

LONDON, June 14, 2022--DNEG, a leading technology-enabled visual effects (VFX) and animation company for the creation of feature film, television and multiplatform content, today announced a business update for the year ended March 31, 2022.

LONDON, June 09, 2022--DNEG to Launch ‘xSTUDIO’ as Open Source Project; Feature-Rich Playback and Review Application for Filmmaking Teams

LONDON, May 17, 2022--DNEG Announces Multiyear Visual Effects Services Agreement with Netflix

LONDON & TORONTO, May 13, 2022--DNEG Opens New Toronto Visual Effects and Animation Studio

LONDON & NEW YORK, May 09, 2022--DNEG ("DNEG" or "the Company"), a leading technology-enabled visual effects (VFX) and animation company for the creation of feature film, television and multiplatform content, and Sports Ventures Acquisition Corp. ("Sports Ventures") (NASDAQ: AKIC), a publicly-traded special purpose acquisition company, announced today they have filed with the U.S. Securities and Exchange Commission ("SEC") an amended proxy statement with respect to their proposed business combin

LONDON, March 28, 2022--DNEG Wins Academy Award® for Best Visual Effects on ‘Dune’

LONDON & NEW YORK, March 16, 2022--DNEG ("DNEG" or "the Company"), a leading technology-enabled visual effects (VFX) and animation company for the creation of feature film, television and multiplatform content, and Sports Ventures Acquisition Corp. ("Sports Ventures") (NASDAQ: AKIC), a publicly-traded special purpose acquisition company, announced today they have filed with the U.S. Securities and Exchange Commission ("SEC") a preliminary proxy statement with respect to their proposed business c

LONDON, March 14, 2022--DNEG Scores BAFTA Award for Special Visual Effects on "Dune"

LONDON, March 07, 2022--DNEG, a leading technology-enabled visual effects (VFX) and animation company for the creation of feature film, television and multiplatform content, announced today that management will participate in a fireside chat and one-on-one investor meetings at the Deutsche Bank 30th Annual Media, Internet & Telecom Conference on Monday, March 14, 2022.

DNEG, the visual-effects studio behind films like “Dune,” “Venom: Let There Be Carnage” and “The Matrix Resurrenctions” is going public. Indeed, the Oscar-winning visuals company is merging with special purpose acquisition company (SPAC), Sports Ventures Acquisition Corp. (NASDAQ:AKIC). Investors are keeping a close eye on AKIC stock today ahead of the deal worth an estimated $1.7 billion. Source: Shutterstock So, what do you need to know about this high-profile SPAC merger? Well, DNEG is someth

DNEG, the visual effects and animation company whose credits include work on films “Dune,” “No Time to Die” and “Tenet,” plans to go public by merging with a special purpose acquisition company (SPAC). The proposed deal implies a combined company enterprise value of $1.7 billion. According to DNEG, the pact will make it the only […]

DNEG, the Oscar-winning Hollywood visual effects studio behind Christopher Nolan's "Tenet", said on Tuesday it would list in New York through a merger with a special purpose acquisition company in a deal valuing the combined entity at about $1.7 billion. The company, which has also worked on popular movies "Inception", "Avengers: Endgame" and "Mission Impossible: Fallout", has received six Oscar awards for visual effects. The deal with Sports Ventures Acquisition Corp will provide DNEG with up to $400 million in gross proceeds, including $168 million in private investment in public equity, or PIPE.

DNEG, the Academy Award winner for visual special effects in films like "Tenet" and "Blade Runner 2049," is going public in a SPAC merger.

Every investor in Sports Ventures Acquisition Corp. ( NASDAQ:AKIC ) should be aware of the most powerful shareholder...