Sagaliam Acquisition Corp. (SAGA) to Combine with Arabian Entertainment Company in $227M Deal

Nov 17, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Sagaliam (NASDAQ:SAGA) has entered into a definitive agreement to combine with Arabian Entertainment at an enterprise value of $227.3 million, or 8.7x its 2024E EBITDA. The Jeddah, Saudi Arabia-based company is a regional franchisee of Applebee’s and Ocean’s Basket restaurants with plans for live entertainment projects in the works. The combined company is expected to
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Sagaliam Acquisition Corp. (SAGA) to Combine with Arabian Entertainment Company in $227M Deal

Sagaliam Acquisition Corp. (SAGA) to Combine with Arabian Entertainment Company in $227M Deal

ByNicholas Alan Clayton