Reuters

Media SPAC led by former CBS chief begins trading on NASDAQ

Argus Capital, a special purpose acquisition company (SPAC) led by former ViacomCBS and CBS executives targeting media, entertainment and sports investments, is expected to begin trading on the NASDAQ Wednesday, seeking to raise up to $265 million. It aims to participate in the deal-making frenzy that has defined the media industry this year. Argus, led by Joseph Ianniello, who ran CBS prior to its merger with Viacom, and Marc DeBevoise, most recently the chief executive officer of ViacomCBS Digital, filed with the SEC in July.

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