Cheer Holding, Inc. announced on February 25, 2025, that it has entered into a non-binding investment framework agreement to acquire a 60% equity stake in Beijing Zhong Ke Zhi Guo Technology Co., Ltd. (ZKZG). ZKZG specializes in providing synthetic data by integrating generative AI with simulation technologies.
The proposed acquisition is intended to be completed through a combination of share issuance and cash payment. Specific details regarding the overall valuation and definitive terms of the transaction will be disclosed following the satisfactory completion of due diligence, audit, and evaluation of ZKZG.
This strategic move reflects Cheer Holding's commitment to strengthening its position within the artificial intelligence value chain. By integrating ZKZG's expertise and highly qualified team, Cheer Holding aims to accelerate its growth in the AI sector and create transformative opportunities for its intelligent product development and application scenarios.
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