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2mo ago

Blue Ant Media to Go Public via Reverse Takeover of Boat Rocker Media

The deal, announced March 24, 2025, will see Blue Ant acquire three production companies and gain public market access, with the transaction expected to close in June 2025.

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Michael MacMillan of Blue Ant Media in the new Liberty Village offices, Sept 2021.

Overview

  • Blue Ant Media will go public through a reverse takeover of Boat Rocker Media, acquiring all outstanding shares in exchange for subordinate voting shares.
  • Blue Ant shareholders will own 73.5% of the resulting company, while Boat Rocker shareholders will retain 26.5% ownership.
  • The transaction includes the acquisition of three production companies—Insight Productions, Jam Filled Entertainment, and Proper Television—enhancing Blue Ant's content creation capabilities.
  • Boat Rocker's management will buy out its studio business, which will continue as a private entity under the Boat Rocker name.
  • Michael MacMillan, Blue Ant's founder, will serve as CEO of the new entity, with financial backing from Fairfax Financial Holdings ensuring stability and support for global expansion.