Press Release: RedBall Acquisition Corp. and SeatGeek, Inc. Mutually Agree to Terminate Business Combination Agreement due to Unfavorable Market Conditions

Dow Jones

2022/06/01

By Chris Wack

RedBall Acquisition Corp. and ticket technology platform SeatGeek said they mutually agreed to terminate their previously announced business combination agreement and plan of reorganization.

The special purpose acquisition company said the companies decided to end the deal as a result of current unfavorable market conditions, particularly impacting growth technology companies.

"Given the volatility in the public markets, together, we determined that a termination of the business combination was in the best interest of all parties," said Jack Groetzinger, SeatGeek's chief executive.

RedBall shares were up 6% to $9.94 in premarket trading.

Write to Chris Wack at chris.wack@wsj.com

$(END)$ Dow Jones Newswires

June 01, 2022 08:42 ET (12:42 GMT)

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Mutually Agree to Terminate Business Combination Agreement due to Unfavorable Market Conditions\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2022-06-01 20:30</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Chris Wack \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/RBACU\">RedBall Acquisition Corp.</a> and ticket technology platform SeatGeek said they mutually agreed to terminate their previously announced business combination agreement and plan of reorganization. \n</p>\n<p>\n  The special purpose acquisition company said the companies decided to end the deal as a result of current unfavorable market conditions, particularly impacting growth technology companies. \n</p>\n<p>\n  \"Given the volatility in the public markets, together, we determined that a termination of the business combination was in the best interest of all parties,\" said Jack Groetzinger, SeatGeek's chief executive. \n</p>\n<p>\n  RedBall shares were up 6% to $9.94 in premarket trading. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Chris Wack at chris.wack@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  June 01, 2022 08:42 ET (12:42 GMT)\n</p>\n<p>\n  Copyright (c) 2022 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4167","symbol_name":"醫療保健技術","start_time":0,"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2240497796","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2240497796","pubTimestamp":1654086600,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"By Chris Wack \n\n\n \n\n\nRedBall Acquisition Corp. and ticket technology platform SeatGeek said they mut","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4167":"医疗保健技术","OLPX":"Olaplex Holdings, Inc.","BOLT":"Bolt Biotherapeutics, Inc.","CRCT":"Cricut, Inc.","BK4007":"制药","BK4139":"生物科技","ADC":"艾格里房产","FWRG":"First Watch Restaurant Group, Inc.","TERN":"Terns Pharmaceuticals, Inc.","BK4209":"餐馆","BK4183":"个人用品","BK4539":"次新股","HCTI":"Healthcare Triangle, Inc.","BK4191":"家用电器","BK4080":"零售业房地产投资信托","RBAC":"RedBall Acquisition Corp"},"translate_title":"新闻稿：RedBall Acception Corp.与SeatGeek,Inc.因市场环境不利，双方同意终止业务合并协议","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BOLT":1,"CRCT":1,"OLPX":1,"HCTI":1,"ADC":1,"FWRG":1,"RBAC":0.9,"RBACU":1,"ALVU":1,"TERN":1},"content_text":"By Chris Wack \n\n\n \n\n\nRedBall Acquisition Corp. and ticket technology platform SeatGeek said they mutually agreed to terminate their previously announced business combination agreement and plan of reorganization. \n\n\n  The special purpose acquisition company said the companies decided to end the deal as a result of current unfavorable market conditions, particularly impacting growth technology companies. \n\n\n  \"Given the volatility in the public markets, together, we determined that a termination of the business combination was in the best interest of all parties,\" said Jack Groetzinger, SeatGeek's chief executive. \n\n\n  RedBall shares were up 6% to $9.94 in premarket trading. \n\n\n \n\n\n  Write to Chris Wack at chris.wack@wsj.com \n\n\n \n\n\n$(END)$ Dow Jones Newswires\n\n\n  June 01, 2022 08:42 ET (12:42 GMT)\n\n\n  Copyright (c) 2022 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}