Vivid Seats Said in Talks to Go Public Via Boehly’s SPAC (1)

Vivid Seats, a digital ticketing marketplace that competes with StubHub, is in advanced talks to go public via a merger with Horizon Acquisition Corp., a blank-check firm led by Todd Boehly, according to people with knowledge of the matter.

Horizon has begun discussions with investors about raising equity to support a transaction set to reduce Vivid Seats’ debt and value the combined company at about $2.5 billion, one of the people said. Vivid Seats’ private equity backers GTCR and Vista Equity Partners are set to roll their ownership stakes into the new entity, the person said.

As with ...