Horizon Acquisition in talks to take Vivid Seats public, Bloomberg reports

Digital ticketing marketplace Vivid Seats is in advanced talks to go public via a merger with Horizon Acquisition (HZAC), Gillian Tan of Bloomberg reports, people with knowledge of the matter. Horizon has started discussions with investors about raising equity to support a transaction that would value the combined company at about $2.5B, a source told Bloomberg. Vivid’s private equity backers GTCR and Vista Equity Partners are set to roll their ownership stakes into the new entity, the source added. Shares of Horizon Acquisition are up 2% to $10.40 following the report.