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Ex-Hulu CEO Randy Freer to Lead New Advancit SPAC
The company aims to raise $350 million for acquisitions, according to an SEC filingTim Baysinger | February 18, 2021 @ 10:50 AM Last Updated: February 18, 2021 @ 11:06 AM
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Former Hulu CEO Randy Freer is the latest media executive to join the growing crowd those getting into the investment game via a SPAC, or Special Purpose Acquisition Company.
According to an SEC filing, Freer will serve as CEO for Advancit Acquisition Group, which aims to raise $350 million for business acquisitions. In the filing, Advancit said it would “not be limited to a particular industry or geographic region in our identification and acquisition of a target company.”