Argus Capital Corp., a special purpose acquisition vehicle backed by Joe Ianniello and other former CBS Corp. executives, went public Wednesday and is projected to raise about $265 million to acqui…
and other former CBS Corp. executives, went public Wednesday and is projected to raise about $265 million to acquire media, sports and entertainment-related properties.Marc DeBevoise
Ianniello, the former chief operating officer and CEO of CBS Corp., serves as chairman-CEO of Argus Capital. DeBevoise, former president of CBS Interactive and chief digital officer of ViacomCBS, is president and vice chairman. The company aims to look for openings media and entertainment and as well as related tech and support industries that are part of the wave of disruption that is up-ending Hollywood.
As Argus told investors in a Securities and Exchange Commission filing on Monday, “our themes of interest include the digital transformation of well-known media brands, the production and distribution of premium content, the ability to enrich consumer experiences through interactive platforms, the launch and growth of subscription businesses that build off the strength and scale of media assets, the creation of live experiences and transformative events in the worlds of sports,...
DeBevoise was pushed out of ViacomCBS last October in one of the many restructurings since Viacom and CBS Corp. were brought together in December 2019. Ianniello exited ViacomCBS weeks after the merger was completed, given that the CEO role for the combined entity went to Viacom’s Bob Bakish.
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