Saban Investment Fund to Go Public with Eye on Media

Los Angeles Times: Media mogul Haim Saban has launched a special-purpose investment fund that is going public in an effort to raise at least $235 million for potential investments or acquisitions. The new firm, Saban Capital Acquisition Corp., said in a regulatory filing that it is offering 23.5 million shares in an initial public offering to raise funds for the unspecified purchase.