Modern Media Acquisition Corp. announced that it has entered into a definitive agreement to combine with Akazoo Ltd, in a transaction that would value the combined company at approximately $469 million. Under the definitive agreement, MMDM and Akazoo will combine under a new holding company (referred to as "Holdco"), domiciled in Luxembourg, which intends to list on the Nasdaq Stock Market under the symbol "SONG" following completion of the transaction. In its ninth year of operation, the combined company will continue to be led by Akazoo's experienced management team under the leadership of Apostolos N. Zervos, Akazoo's Founder and Chief Executive Officer. Lew Dickey will serve as Chairman of the combined company.