AMTD IDEA Group and AMTD Digital Inc. jointly announced that their subsidiary, World Media and Entertainment Universal Inc. (WME), has entered into a business combination agreement with Black Spade Acquisition II Co (BSII). WME, a global media and entertainment company, is valued at an equity value of approximately US$488 million in this transaction.
Upon completion, the combined company will retain the name 'World Media and Entertainment Universal Inc.' and its ordinary shares are expected to be listed on a U.S. stock exchange. The transaction is anticipated to close in mid-2025, subject to regulatory and shareholder approvals.
Existing shareholders of WME, including AMTD IDEA Group and AMTD Digital, are expected to hold over 70% of the voting shares of the combined company. This public listing will mark AMTD Group’s third listed company, following AMTD IDEA Group and AMTD Digital Inc., enhancing its global market presence and providing strategic flexibility.
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