Mergers & Acquisitions
By The Online Investor Staff, updated Sun., Jan. 29, 5:31 PM
| This Slide: #71 of 100 |
Slide #71. MultiMetaVerse Holdings Limited — Orient TM Parent Limited
Acquirer:
MultiMetaVerse Holdings Limited (NASDAQ:MMV)
Acquiree:
Orient TM Parent Limited
Details:
MultiMetaVerse Holdings Limited ("MMV" or the "Company"), an animation and entertainment company for young consumers in China, today announced that it has entered into a non-binding letter of intent (the "Letter of Intent") with Orient TM Ruibo Limited (the "TM Ruibo"). In accordance with the Letter of Intent, the Company and/or its affiliates intends to acquire a 72.81% equity stake in Orient TM Parent Limited ("Orient TM," collectively with the entities directly or indirectly controlled by Orient TM, "Taomee"). Taomee is a leading family interactive entertainment group in China, held directly or indirectly by TM Ruibo and/or its affiliates (the "Seller") (the "Proposed Transaction").
MultiMetaVerse Holdings is a newly incorporated blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
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