The longtime CBS executive has reteamed with a handful former colleagues to launch Argus Capital Corp., which has about $300 million in funding so far to acquire media properties. Ianniello explains he’s on the hunt for corporate carve-outs, or assets that media giants may be ready to shed as they plow resources into new streaming platforms. Argus brings an experienced management team that aims to be a bolt-on solution for newly public entities. Ianniello hopes the focus on operating expertise will set his venture apart from other SPACs.
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