RedBall Acquisition Corp. Confirms it is in Discussions

Rhea-AI Summary

RedBall Acquisition Corp. (NYSE: RBAC) is currently in exclusive discussions with SeatGeek, Inc. regarding a potential business combination. No definitive agreement has been reached, and the company will refrain from further comments unless a transaction is finalized or discussions conclude. This announcement follows the company's focus on mergers within the sports, media, and data analytics sectors, particularly professional sports franchises. RedBall's sponsor is affiliated with RedBird Capital Partners.

Positive

• Potential business combination with SeatGeek may expand market presence.
• Focus on sports, media, and data analytics could lead to growth opportunities.

Negative

• No assurance of a definitive agreement being reached.
• Forward-looking statements are subject to numerous risks beyond the company's control.

NEW YORK, Oct. 08, 2021 (GLOBE NEWSWIRE) -- RedBall Acquisition Corp. (NYSE: RBAC) confirms that it is in exclusive discussions with SeatGeek, Inc. in connection with a possible business combination. There is no assurance that a definitive agreement will be signed. The Company will not comment further unless and until a transaction is agreed or discussions are terminated.

Cautionary Note Concerning Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering and search for an initial business combination. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement for the initial public offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

About RedBall Acquisition Corp.

RedBall Acquisition Corp. (the “Company”) is a blank check company whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an acquisition opportunity in any industry or sector, it intends to focus on businesses in the sports, media and data analytics sectors, with a focus on professional sports franchises. The Company’s sponsor, RedBall SponsorCo LP, is an affiliate of RedBird Capital Partners.

Contact
Dan Gagnier
Gagnier Communications
646-569-5897

FAQ

What is the current status of RedBall Acquisition Corp's discussions with SeatGeek?

RedBall Acquisition Corp is in exclusive discussions with SeatGeek regarding a potential business combination, but no definitive agreement has been signed.

What industries does RedBall Acquisition Corp focus on for mergers?

RedBall Acquisition Corp primarily focuses on the sports, media, and data analytics sectors for potential mergers.

What risks are associated with RedBall's forward-looking statements?

Forward-looking statements by RedBall are subject to various risks, many of which are beyond the company's control, affecting the certainty of future outcomes.

Is there a timeline for the potential merger between RedBall and SeatGeek?

There is currently no specific timeline provided for the potential merger between RedBall Acquisition Corp and SeatGeek.