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Saban Capital Acquisition Corp. (SCAC): Billionaire Glenn Russell Dubin’s Highbridge Capital Management Acquires 7.45% Stake

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Billionaire Glenn Russell Dubin‘s Highbridge Capital Management decided to be among the first investors in Saban Capital Acquisition Corp. (NASDAQ:SCAC), a “blank check” company that just recently went public. As per a new 13G filing filed on September 26, Highbridge Capital Management purchased 1.75 million Class A Shares, which account for 7.45% of the float. Another investor that has just reported a 6.4% stake in Saban Capital Acquisition Corp is billionaire Louis Bacon‘s Moore Global Investments (see article).

HIGHBRIDGE CAPITAL MANAGEMENT

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You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Highbridge Capital Management 0 1,750,000 0 1,750,000 1,750,000 7.45%
Highbridge International 0 1,750,000 0 1,750,000 1,750,000 7.45%

Glenn Russell Dubin
Glenn Russell Dubin
Highbridge Capital Management

Page 1 of 8 – SEC Filing

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No.   )*

Saban Capital
Acquisition Corp.

(Name of Issuer)

Class A Ordinary
Shares, par value $0.0001 per share

(Title of Class of Securities)

78516C205**

(CUSIP Number)

September
16, 2016

(Date of event which requires filing of this statement)
Check the appropriate box to designate the rule pursuant to which this Schedule 13G is filed:
¨ Rule 13d-1(b)
x Rule 13d-1(c)
¨ Rule 13d-1(d)
(Page 1 of 8 Pages)

______________________________

*The remainder of this cover page shall
be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for
any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

** The Class A Ordinary have no CUSIP
number. The CUSIP number for the units which include Class A Ordinary is 78516C205.

The information required in the remainder
of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of
1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all
other provisions of the Act (however, see the Notes)

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