Anghami Inc, a music streaming platform in the Middle East & North Africa, is listing on Nasdaq by merging with Vistas Media Acquisition Company Inc (VMAC), a publicly-traded special purpose acquisition company (SPAC) led by Singapore’s Vistas Media Capital.
Vistas Media, founded by Saurabh Gupta, Abhayanand Singh, and F Jacob Cherian, announced that it has entered into a merger agreement with Anghami in a deal that could value the startup, dubbed as the Spotify of the Middle East, at about $220 million.
