Platinum Eagle

Longtime Hollywood execs Jeff Sagansky and Harry Sloan have partnered on their fourth venture, launching media-focused Platinum Eagle Acquisition Corp. on Wednesday with a $325 million initial public offering.

Sloan, the former chief of MGM Studios, and Sagansky, an ex-Sony and CBS executive, have raised a combined $1.3 billion since 2011 for their other acquisition vehicles — Global Eagle Acquisition, Silver Eagle Acquisition, and Double Eagle Acquisition.

“With our fourth acquisition vehicle, we will continue to look for companies where we can add value based on our experience, particularly media and entertainment companies that can benefit from the digital disruption that has transformed the business on a global basis,” said Sagansky in a statement. “As always, we will target fast growing businesses that can benefit from a Nasdaq listing, access to capital, and experienced sponsors.”

Platinum Eagle closed its IPO with 32.5 million units at $10 per unit, including 2.5 million units at $25 million sold pursuant to the underwriters’ partial exercise of their over-allotment option. It’ll trade on Nasdaq under the “EAGLU” ticker symbol. When the units begin separate trading, the Class A shares will be listed under “EAGL” and “EAGLW.”

Eli Baker, who has worked with Sagansky at his previous firms, will join as president and chief financial officer of Platinum Eagle. Deutsche Bank Securities Inc. and Bank of America Merrill Lynch are acting as the representatives of the underwriters for the offering and I-Bankers is serving as a manager.

Sloan was chairman and CEO of MGM from 2005 to 2009, while Sagansky has worked in Hollywood for thirty years, serving as president of CBS Entertainment from 1990 to 1994.

8 Eye-Popping Gadgets at CES 2018, From Storytelling Robots to Augmented Reality Glasses (Photos)

Tech companies have gathered at CES in Las Vegas to show off their newest gadgets for 2018. From Samsung's massive 146' TV to the first fingerprint sensor smartphone, check out what has caught our eye so far.
Vivo
Samsung has taken the big screen to a whole new level. "The Wall" is literally bigger than most walls, coming in at 146' wide. The picture is just as eye-catching, with its MicroLED display representing a major step up from the LED screens found on most TVs. If you're looking to cover your living room wall with "The Wall," it's coming out sometime in 2018, although the company hasn't put even a ballpark price tag on it yet.
TheWrap
Rokid's AR Glasses highlight the main reason TheWrap continues to be bullish on AR compared to VR. In short: functionality. Throw on a pair of these wi-fi enabled glasses, look someone in the face, and you'll be hit with their social media profiles and contact information. It's a bit Terminator-esque. The glasses, manufactured out of San Diego, will be arriving later in 2018. Rokid wouldn't put a price on it, yet, but said it'll be "competitive" with VR headsets like Oculus, which run for roughly $400.
TheWrap
Dolls are out, robots are in. That's what AvatarMind wants parents to believe, at least. The China-based company was showing off its three-foot robot, aimed as a 21st century educational toy for kids. The bot will sing lullabies and read stories, among other features. They'll cost around $1,600 to $2,000 when they come out in the U.S. later this year.
TheWrap
Samsung and Apple lost the race to fingerprint sensors to Vivo. The Chinese smartphone maker has put th scanner right on the front of its unnamed phone. Similar to signing in at the gym, simply place your finger on a blue dot at the bottom of your locked screen, and it'll open up. It's the first smartphone to integrate the tech.
VIvo
XYZ's 3D Da Vinci printer shows you can make nearly anything in minutes... even a bust of President Trump, if you want.
Getty Images
Sony is showing off its three new "extra bass" SRS speakers, running between $100 and $250. The Bluetooth-enabled speakers have 24-hours of battery life.
Sony
Japan-based Omron's electronic censors can mirror human movement by building an artificial intelligence-powered ping-pong partner. Unfortunately, you can't buy this for practicing in your basement. But the global company's tech is being used at U.S. companies like Tesla, where it helps assemble its cars.
TheWrap
Saving the adult content for last. Mashable recently pointed out porn accounts for 60 percent of the top virtual reality sites, and the industry is now betting on augmented reality as well. Naughty America, a San Diego-based studio, is displaying an upcoming AR app that'll allow fans to superimpose themselves right next to their favorites adult performers.
TheWrap

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The first fingerprint sensor-enabled smartphone is also on display

Tech companies have gathered at CES in Las Vegas to show off their newest gadgets for 2018. From Samsung's massive 146' TV to the first fingerprint sensor smartphone, check out what has caught our eye so far.

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