AGBA Group Agrees to Merge With AI Social Video Platform Triller; Shares Soar Over 200% Pre-Bell-February 2024-www.financetom.com

AGBA Group Agrees to Merge With AI Social Video Platform Triller; Shares Soar Over 200% Pre-Bell

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AGBA Group Agrees to Merge With AI Social Video Platform Triller; Shares Soar Over 200% Pre-Bell

Apr 18, 2024 6:40 AM

09:15 AM EDT, 04/18/2024 (MT Newswires) -- AGBA Group ( AGBA ) said Thursday that it has agreed to merge with artificial intelligence-driven social video platform Triller.

The financial services company said the value of the proposed business combination would be $4 billion on a pro-forma basis.

Triller will become a 100%-owned unit of AGBA ( AGBA ).

AGBA ( AGBA ) shareholders will 20% of the combined company, while Triller shareholders will hold the remaining 80%.

Shares of AGBA ( AGBA ) soared more than 200% in recent Thursday premarket activity.

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