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‘Dune’ Producer Legendary Entertainment Exploring Sale, Possible Merger

Y2kTheNewOldies

Y2kTheNewOldies

variety.com

‘Dune’ Producer Legendary Entertainment Exploring Sale, Possible Merger (EXCLUSIVE)

Legendary Entertainment is exploring a possible sale or merger.
variety.com variety.com

Add Legendary Entertainment to the list of media companies that may capitalize on the burgeoning desire for high-end Hollywood content.

The company behind last spring’s “Godzilla vs. Kong,” one of the few pandemic era blockbusters, and the upcoming adaptation of “Dune,” has been in discussions to sell an equity stake or potentially merge its operations with another player. Bloomberg reported in April that Legendary had tapped investment bank LionTree LLC to explore possible deals, including merging with a special purpose acquisition company (SPAC). That route, one that enlists a publicly traded shell company as a means to raise capital by tapping the market, has recently been favored by the likes of Bustle and Core Scientific. But talks appear to be heating up in recent weeks, with the company exploring something separate and apart from a SPAC, according to insiders.
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This is in talks.
 
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