Jones Day and Greenberg Traurig LLP advised Modern Media Acquisition Corp. Macquarie Capital acted as lead financial advisor to Modern Media Acquisition Corp. Loeb & Loeb LLP and Phanar Legal served as legal counsel to Akazoo.
Jones Day, Greenberg Traurig LLP and Macquarie Capital advised Modern Media Acquisition Corp. (NASDAQ: MMDM), a special purpose acquisition company, in its business combination with Akazoo Limited(NASDAQ: SONG), a U.K.- based digital music streaming platform specializing in emerging markets. The transaction combines Akazoo and MMDM under a new Luxembourg holding company, which is listed on the Nasdaq Stock Market under the symbol “SONG”.
The transaction values the combined company at approximately $380 million. The shareholders of Akazoo now own a majority of the public company.
Loeb & Loeb LLP and Phanar Legal served as legal counsel to Akazoo Limited. Loeb & Loeb LLP team was led by David Levine, Giovanni Caruso, Mitchell Nussbaum.
Jones Day team was led by William Rowland (Picture) and Mark Hanson.