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Cindy Holland, the former longtime Netflix VP of original content who departed the streamer two months ago, has joined the board of Horizon Acquisition Corp. II, a special-purpose acquisition corporation targeting the media and entertainment space.
Horizon Acquisition Corp. II was formed in August 2020 by Todd Boehly, co-founder, chairman and CEO of Eldridge Industries, a holding company whose assets include MRC. In September, Penske Media Corp. (Variety’s parent) entered into an agreement with MRC to form a joint venture that merges Billboard, Vibe and the Hollywood Reporter with PMC’s brands.
Last month, Horizon Acquisition Corp. II raised approximately $500 million through an IPO to fund potential M&A activity. A SPAC is a kind of holding company formed solely for the purpose of raising capital through an initial public offering.
“While the company may pursue an initial business combination target in