Group 9’s SPAC goes public

Group 9’s SPAC goes public

Group Nine Media revealed last month that it was forming a SPAC(short for special function acquisition corporation)in order to raise money for acquisitions. The company has now progressed with those plans, announcing last night that it had actually priced the SPAC’s IPO at$10 per unit, to raise an overall of$ 200 million. […]
The acquisition corporation, like Group Nine itself, is led by CEO Ben Lerer(imagined above)., with co-founder Brian Sugar becoming president of both Group 9 and now Group Nine Acquisition Corp. …

PopSugar co-founder says pandemic will produce ‘a big windfall’ for digital media

PopSugar co-founder says pandemic will produce ‘a big windfall’ for digital media

It’s been less than a year because Group Nine Media got PopSugar– however it’s been an uniquely tough time in digital media. Brian Sugar established the eponymous females’s lifestyle site with his partner Lisa Sugar. Post-acquisition, he’s become president for the whole of Group 9 (which likewise owns Thrillist, NowThis, The Dodo and […] Brian Sugar founded the eponymous females’s way of life site with his better half Lisa Sugar.”We like to think of ourselves as one of the fastest, most ingenious publishers out there,” Sugar told me. We have actually been having these really cool hackathon Fridays to develop stuff quickly, because a lot of people feel like they have a little bit more time on their hands– due to the fact that you do not have to take a trip to conferences, you can get more work done. …