AMTD Group's IDEA Group (AMTD) and AMTD Digital (HKD) have agreed to merge their World Media and Entertainment Universal subsidiary with special purpose acqusition company Black Spade Capital's subsidiary Black Spade Acquisition II, to bring World Media and Entertainment public.
The deal values WME at an equity value of about $488 million, not including $153 million in cash held in trust by the special purpose acquisition company. After the transaction, existing WME shareholders, including AMTD Idea Group and AMTD Digital, will hold more than 70% of the merged company's voting shares -- assuming no Black Spade Acquisition II shareholders elect to redeem their shares for cash, as permitted under terms of the deal, the companies said.
The merger and public listing is expected to close by mid-2025, subject to regulatory and shareholder approvals and other customary conditions.
Price: 1.10, Change: +0.06, Percent Change: +5.77
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。